South Korea publicizes the demise of commerce with its northern neighbor

by times news cr

2024-06-02 06:42:46

South Korea introduced the demise of commerce with its northern neighbor, noting that final 12 months didn’t witness any cross-border commerce between the 2 Koreas.

In accordance with the “2024 Unification White Paper,” issued by the South Korean Ministry of Unification, “That is the primary time that the 2 Koreas haven’t recorded any cross-border commerce transactions since 1989, the 12 months the commerce between the 2 nations started.”

In accordance with Yonhap Company, “The ministry acknowledged that the worth of meals support supplied by South Korea to North Korean youngsters and different humanitarian support to North Korea amounted to 900 million gained ($653,000) final 12 months, down from 2.6 billion gained within the earlier 12 months, and of this quantity “Civil teams supplied support price 700 million gained.”

In accordance with the information, “the cumulative worth of transactions between the 2 Koreas reached 24.86 billion US {dollars} between 1989 and 2022,” and “the quantity of humanitarian support for the 12 months 2023 was the bottom index since 1995.”

The ministry mentioned: “The 2 Koreas didn’t witness any humanitarian exchanges in 2023 for the third 12 months in a row.”


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2024-06-02 06:42:46

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