September 27, 2023

South Korea to provide $4.9 million in sustainable development aid to the North

First payment of $720,000 set to be sent this year via UN commission

South Korea will provide $4.9 million in aid aimed at helping North Korea's sustainable development over the next years, Seoul's unification ministry said on Wednesday.

In a decision at the 314th meeting of the South and North Exchange and Cooperation Promotion Council, officials moved that the government provide the funding through the UN Economic and Social Commission for Asia and the Pacific (UNESCAP).