Seoul has approved close to KRW3.5 billion (USD$3.1 million) in funding for the operation of an inter-Korean joint liaison office at the now-shuttered Kaesong Industrial Complex (KIC) this year, the South Korean Ministry of Unification (MOU) announced on Thursday.

The bill was passed at the 295th Inter-Korean Exchange and Cooperation Promotion Council, held between August 6 and 14, the ministry said in a written statement.

Seoul will provide a total of KRW 3.47 billion (USD$3.06 million) for the operating expenditures of the North-South joint liaison office in the KIC this year.

The money will come from the Inter-Korean Cooperation Fund.

“We