About the Author
View more articles by Dagyum Ji
Dagyum Ji was a senior NK News correspondent based in Seoul. She previously worked for Reuters TV.
The South Korean government announced on Thursday it will increase its Inter-Korean Cooperation Fund by 10.3 percent to more than $1 billion for 2020 to implement the “peace economy," allocating $403 million to infrastructure construction.
The Ministry of Unification (MOU) presented the plan at a Cabinet meeting, asking for a total of KRW1.44 trillion ($1.18 billion) for next year's budget.