End of economic cooperation between the two Koreas

2024-02-08T13:02:27.128Z

Highlights: Kim Jong-un, the North Korean leader, continues his muscular rhetoric against his southern neighbor. This Thursday, February 8, he announced suspending all economic cooperation between the two Koreas. In the viewfinder, the law on inter-Korean economic cooperation is a symbolic decision since trade between the countries is close to zero. Another law repealed by North Korea is that on the operation of the Mount Kumgang tourism project in the North. The project was already in trouble after a North Korean soldier shot dead a visitor from the South who strayed from an authorized path.

He began the year by declaring that "any peaceful reunification would be impossible." Kim Jong-un, the North Korean leader, continues his muscular rhetoric against his southern neighbor, and will even…

End of economic cooperation between the two Koreas

He began the year by declaring that "

any peaceful reunification would be impossible

." Kim Jong-un, the North Korean leader, continues his muscular rhetoric against his southern neighbor, and goes even further. This Thursday, February 8, he announced suspending all economic cooperation between the two Koreas.

North Korean leader Kim Jong-Un on June 29, 2021 © STR / KCNA VIA KNS

By: RFI Follow

It was the North Korean press agency which announced this Thursday the end of economic ties between North and South Korea.

Unanimous approval, according to her, of the Supreme People's Assembly. In the viewfinder, the law on inter-Korean economic cooperation. A symbolic decision since trade between the two countries is close to zero. In 2015, it still represented 2.7 billion dollars. But since then, Pyongyang has turned to other forms of revenue, such as the illicit transfer of assets.

Also read: The threat of a clash between the Koreas worries the residents of Yeonpyeong

Reaction from a South Korean official in the columns of Bloomberg: “

this decision will further isolate the Kim-Jong Un regime

”.

Another law repealed by North Korea is that on the operation of the Mount Kumgang tourism project in the North. A highly symbolic place, since a tourist resort was built there by a South Korean company. The project was already in trouble. In 2008, Seoul suspended tourist travel after a North Korean soldier shot dead a visitor from the South who strayed from an authorized path.

End of economic cooperation between the two Koreas

End of economic cooperation between the two Koreas

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