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Teesside-born Murty played 339 times for the Royals over an 11-year period, captaining them to promotion to the Premier League in 2006.
BBC: Murty completes Southampton move
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After a prolonged period of heightened tension, his promotion, along with that of Kang and Ri, suggests that Pyongyang may be looking for a revival of diplomacy.
CNN: North Korea's party congress: Change in the wind?
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The Valiants had been a fixture in the automatic promotion places before heavy defeats at Gillingham and Rotherham during the festive period.
BBC: Three in frame for Port Vale manager's job
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Gary Goldstein, co-founder and president of executive-search firm Whitney Partners, said many banks, particularly European ones, are examining levels of seniority within their ranks and lengthening the amount of time employees remain in senior vice president-level roles before getting the big promotion, resulting in firms paying more junior-level salaries for a longer period of time.
WSJ: Goldman Symbol Gets More Elusive