March 29, 2024
News

Seoul to allocate USD$99.7 million in additional humanitarian aid funds for DPRK

Extra funds for inter-Korean economic cooperation not requested by unification ministry, data shows

The South Korean finance ministry will allocate around USD$99.7 million more than originally requested by the Ministry of Unification (MOU) for humanitarian aid to North Korea, a budget proposal for 2018 seen by NK News on Wednesday suggested.

The unification ministry said on Wednesday that the increase in the budget for projects by the Inter-Korean Cooperation Fund (IKCF) was part of preparations for a future turnaround in inter-Korean relations.

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