Tag: economic aid

North Korean Media Blasts US Journalists Over “Economic Aid” Comments

The North Koreans don’t need economic aid for the US considering that President Moon is figuratively willing to drive the Bank of Korea armored truck directly to Kim Jong-un’s palace.  They just need the US to drop the sanctions on the Kim regime so the payoff aid can be legally delivered to North Korea:

North Korea on Sunday fumed at U.S. reports that the country is seeking economic assistance from the United States in return for denuclearization.

The ruling Workers’ Party’s official newspaper Rodong Sinmun commented that Fox News TV, CBS and CNN were “as impudent as to make rubbish that if the DPRK meets the requirements of the U.S., it can get ‘large-scale non-governmental economic aid.'”

“This is nonsense of hack media on the payroll of power,” according to its commentary carried in an English dispatch by the state-run Korean Central News Agency.

“U.S. media is still building up public opinion that the DPRK comes to the negotiating table with the U.S. in a hope to get ‘economic aid,'” the report said using the initial of the North’s full name, Democratic People’s Republic of Korea. “We can not but make the fact clear. It is the U.S. that asked for DPRK-U.S. talks first,” the North claimed.

“As far as the ‘economic aid’ … is concerned, the DPRK has never expected it.”  [Yonhap]

You can read more at the link, but most of the US media is completely uninformed about North Korea

South Korea Proposing Billions of Dollars In Economic Aid Despite North Korean Provocations

What does North Korea have to do to convince the Korean left that billions of dollars in economic aid the Kim regime can use to bolster their nuclear and missile programs is not a good idea?:

This file photo taken on Aug. 23, 2017, shows President Moon Jae-in presiding over a foreign and unification policy discussion meeting in Seoul. (Yonhap)

South Korea’s unification ministry said Friday it plans to seek trilateral economic cooperation involving the two Koreas and Russia after taking into account international sanctions and public sentiment.

President Moon Jae-in has unveiled the so-called new Northern Policy designed to expand economic cooperation with northern states including North Korea.

The Ministry of Unification said that the initiative involving the two Koreas and Russia will help implement Moon’s another vision to build a new economic belt with North Korea.  (…..)

The JoongAng Ilbo reported that the government plans to boost the fund by about US$2 billion to fund a potential trilateral project among Seoul, Pyongyang and Moscow to establish the complex in areas spanning the North Korean port city of Rajin and Russia’s Khasan.

Lee said that the report is not true, saying that the state inter-Korean cooperation fund for next year amounts to just 1.046 trillion won.

The idea of building a factory park in the Rajin-Khasan area was first floated under the liberal government of former President Roh Moo-hyun in 2003-2008. But it was known to be put on hold mainly due to North Korea’s first nuclear test in 2006.  [Yonhap]

You can read more at the link, but I am sure it would interesting to be a fly on the wall and listen to President Trump reaction after he reads this.