South Korean FM says North Korean funds issue to be settled soon

  • 12/15/2022
  • 19:47
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SEOUL, May 16, SPA - South Korean Foreign Minister Song Min-soon expressed his hopes that North Korea's funds frozen at a Macau bank would soon be released to overcome a major hurdle to the North's denuclearization process, saying he did not expect resolution of the issue to take months, reported South Korean news agency Yonhap. He made the remarks one day after the North's Foreign Ministry said that "work is now underway" to transfer its US$25 million at Banco Delta Asia (BDA) in Macau to a different account in a third country. Under a February agreement signed in six-nation talks over its nuclear program, North Korea agreed to shut down its nuclear complex in Yongbyon and have its closure verified by the International Atomic Energy Agency (IAEA).-- SPA www.spa.gov.sa/450285

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