NK News – North Korea News
19th May 2013
 

Pyongyang Owes Seoul Huge Amounts of Money

Pyongyang Owes Seoul Huge Amounts of Money

North Korea owes South Korea more than W1 trillion in terms of food and other loans, it emerged Tuesday (US$1=W1,092). The North has to start repaying the debt from June next year, but given its economic difficulties and strained inter-Korean relations it is unlikely that Seoul will see a penny. According to the Unification Ministry,

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