Financial News

North Korea announced that all inter Korean economic cooperation agreement is invalid

Word:[Big][Middle][Small] Mobile page qrcode 2018/4/24     Viewed:    
Xinhua news agency, Pyongyang, March 10 - (reporter Lu Rui Guo Yina) 10, North Korea announced that all economic cooperation between Korea and Korea exchange agreement from the immediate effect of all.
According to the Korean Central News Agency reported on the 10th, a spokesman for the peaceful reunification of the Korean Committee issued a statement the same day, announced immediately from between the DPRK and the ROK all published and economic cooperation and exchange of the agreement are invalid, at the same time, because South Korea unilaterally to cut off all the mount Kumgang tourist and open operation of the City Industrial Park, the DPRK will complete liquidation of North Korea Korean enterprises and related institutions all assets. The spokesman also said that the ROK will continuously take political, military and economic blow.
Spokesman also accused the South Korean government announced on the 8th of Korean unilateral sanctions, said once found the enemy movement, "North Korea's coping style will be converted to a pre emptive strike.
South Korean government announced on 8 unilateral sanctions against North Korea, covering financial, maritime, import and export, as well as four aspects of the consumption of the overseas Korean profit institutions.
The Kaesong industrial park after the 2000 inter Korean summit signed the "North South Joint Declaration", the two Koreas to carry out the major economic cooperation projects. At the beginning of this year, the North Korea nuclear test in the fourth and then for satellite launch, South Korea announced on February 10, full interrupt the Kaesong industrial complex operation. The next day, the DPRK announced the full blockade of Open City Industrial Park and near the military demarcation line, North South management area of West Coast Road blockade, shut down the Kaesong industrial park and the park is zoned for military control zone, frozen all the assets of the ROK enterprises and relevant institutions, the withdrawal of Park in the North Korean workers.
King Kong Mountain tourist area is North Korea's first official opening of the South Korean tourist destination, started in November 1998. In July 2008, a South Korean woman in the mount Kumgang tourist area near the military restricted zones was shot and killed by North Korean soldiers, South Korea then interrupt the the tourism project.
On the 2nd of this month, the UN Security Council consistent through Resolution No. 227, according to North Korea's nuclear and missile programs provided a series of sanctions, reiterated to support the resumption of the six party talks and through peaceful means to achieve the denuclearization of the peninsula. The international community generally supports the adoption of a resolution on the Security Council, urging North Korea to give up its nuclear and missile programs, and to resolve the nuclear issue on the Korean Peninsula through dialogue. (end)
Go Back
Print
[Upward]