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.
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.
Become a member for less than $4 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.