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S. Korea approves 28.3 bln won for inter-Korean cooperation projects

North Korea 17:20 January 24, 2019

SEOUL, Jan. 24 (Yonhap) -- The government approved the expenditure of 28.3 billion won (US$25 million) for six projects involving North Korea, including the operating expenses for a foundation supporting a shuttered inter-Korean industrial complex, the unification ministry said Thursday.

The expenditure plan, approved by the Inter-Korean Exchange and Cooperation Promotion Council, includes 8.8 billion won for the foundation, which supports companies that operated factories at the Kaesong Industrial Complex in the North's border town of Kaesong, according to the ministry.

The complex was abruptly closed in 2016 amid nuclear and missile provocations from the North.

Other expenditure plans include 6.16 billion won for the operation of the joint liaison office in Kaesong and 6.34 billion won for the Center for Unified Korean Future, a state-run institution on unification-related education, it said.

scaaet@yna.co.kr
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