April 19, 2024
News

N.Korea claims satellite launch cost $1.5 billion: state media

Estimate comes from a report issued by the North's Korean Economic Cooperation Council

North claimed it spends $1.5 billion on a satellite launch, in a report written by Jeong Gang Chol from the North's Economic Cooperation Council published on Tuesday.

The piece argues that profits from the Kaesong Industrial Complex (KIC) have been used to develop nuclear weapons and improve missile technology is an "embarrassing" distortion.

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