AsiaOne on Nostr: North Korea scraps all economic co-operation with South Korea ========== North ...
North Korea scraps all economic co-operation with South Korea
==========
North Korea's Supreme People's Assembly has voted to scrap all agreements signed with South Korea on promoting economic co-operation. The assembly also voted to abolish laws governing economic ties with Seoul, including the special law on the operation of the Mount Kumgang tourism project. The project was suspended in 2008 after a South Korean tourist was shot and killed by North Korean guards. North Korea considers the South as an enemy at war and last year scrapped a military pact signed in 2018 aimed at de-escalating tension near the military border. South Korean President Yoon Suk-yeol called the shift in North Korea's inter-Korea policy 'an extraordinary change' but said it was hard to understand the thinking behind the move. Yoon remains open to engaging the North, even by holding a summit meeting with Kim, and providing aid if it would help its economy. Kim Jong-un has pushed the North to develop nuclear weapons and ballistic missiles while its economy languished. Kim recently toured factories and gave guidance on modernizing facilities as part of a new regional development policy.
#NorthKorea #SouthKorea #EconomicCo-operation #SupremePeople'sAssembly #MountKumgangTourismProject #MilitaryPact #YoonSuk-yeol #KimJong-un #NuclearWeapons #BallisticMissiles
https://www.asiaone.com/asia/north-korea-scraps-all-economic-co-operation-south-korea
==========
North Korea's Supreme People's Assembly has voted to scrap all agreements signed with South Korea on promoting economic co-operation. The assembly also voted to abolish laws governing economic ties with Seoul, including the special law on the operation of the Mount Kumgang tourism project. The project was suspended in 2008 after a South Korean tourist was shot and killed by North Korean guards. North Korea considers the South as an enemy at war and last year scrapped a military pact signed in 2018 aimed at de-escalating tension near the military border. South Korean President Yoon Suk-yeol called the shift in North Korea's inter-Korea policy 'an extraordinary change' but said it was hard to understand the thinking behind the move. Yoon remains open to engaging the North, even by holding a summit meeting with Kim, and providing aid if it would help its economy. Kim Jong-un has pushed the North to develop nuclear weapons and ballistic missiles while its economy languished. Kim recently toured factories and gave guidance on modernizing facilities as part of a new regional development policy.
#NorthKorea #SouthKorea #EconomicCo-operation #SupremePeople'sAssembly #MountKumgangTourismProject #MilitaryPact #YoonSuk-yeol #KimJong-un #NuclearWeapons #BallisticMissiles
https://www.asiaone.com/asia/north-korea-scraps-all-economic-co-operation-south-korea