December 07, 2023

Seoul could help set up N. Korean banks post-sanctions: ROK financial regulator

Financial Supervisory Service report argues China could provide a model for DPRK financial reform

The ROK government may be able to help North Korea set up new financial institutions during a post-sanctions "unification process," a recent report by a South Korean financial regulator argued.

The Financial Supervisory Service (FSS) report - first released on April 30 - suggests Seoul could assist the North in establishing a development bank, an export-import bank, and other institutions to help facilitate the financing required for economic development.