Seoul has announced a new plan to establish a blockchain-based “peace trade system” that would allow North Korea to export minerals under international oversight, despite Pyongyang’s rejection of all inter-Korean dialogue at its recent Ninth Party Congress.

The proposal is part of a “Korean Peninsula Peace Package” that the Unification Ministry released on Friday, laying out a strategy promoting “peaceful coexistence” with the DPRK through new variants of recycled policies.

The ministry’s plan reflects South Korean President Lee Jae Myung’s vision to restart inter-Korean and U.S.-North Korea dialogue and realize peace through exchanges.

Under the mineral export proposal, payments for