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    South Korea offers economic aid in exchange for North Korea giving up nuclear program


    August 16, 2022 - CE Noticias Financieras

     

      South Korean President Yoon Suk-yeol offered to significantly rebuild North Korea's economy if Pyongyang takes steps toward substantial denuclearization.

      Yoon made the remarks in a speech for National Liberation Day, which today commemorates the 77th anniversary of Korea's independence from Japan's colonial rule from 1910 to 1945.

      North Korea's denuclearization is "essential" for sustainable peace on the peninsula, Northeast Asia and the rest of the world, he said in his speech.

      The president said the bold initiative he envisions will significantly improve, in stages, North Korea's economy and the livelihoods of its people, if the North stops developing its nuclear program and embarks on a genuine and substantive denuclearization process.

      To that end, they would implement a large-scale food program, provide assistance for power generation, transmission and distribution infrastructure, and carry out projects to modernize ports and airports for international trade.

      Yoon also offered to help improve North Korea's agricultural productivity, modernize its hospitals and medical infrastructure, and implement international investment and financial support initiatives.

      In his speech, Yoon emphasized that the nation's independence movement continues to this day as it seeks to defend freedom and universal values.

      He honored the independence activists who fought against the Japanese imperialists, as well as those who helped arm and train them, and others who laid the country's economic, educational and democratic foundations.

      Yoon said that, now, the mandate of the times demands that countries sharing universal values stand in solidarity to defend freedom and human rights and achieve peace and prosperity for the citizens of the world.

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