S. Korean Pres. eyes inter-Korean eco coop after denuke

TOKYO, South Korean President Moon Jae-in on Thursday called for measures to support economic cooperation with North Korea in case Pyongyang abandons its nuclear ambition, Yonhap News Agency reported.

“Our economy will face a great change if South and North Korean relations improve and peace is established on the Korean Peninsula. We will also need to review in advance the role of our fiscal spending to support a new economic map on the Korean Peninsula in preparation for a resumption of economic cooperation between the South and the North,” the president was quoted as saying at a meeting with top government officials in Seoul.

Moon’s remarks came amid a thaw in inter-Korean relations following his two historic summits with North Korean leader Kim Jong-un on April 27 and May 26. Kim is also set to hold a bilateral summit with US President Donald Trump in Singapore. The unprecedented US-North Korea summit, if held, is widely expected to put an end to the North’s nuclear ambition, which in turn could remove international sanctions currently imposed on the North.

Seoul has yet to remove its own sanctions against Pyongyang, but it is widely expected to do so if the US-North Korea summit, slated for June 12, is successful, the report added.

Source: Kuwait News Agency