first_img News Full Cost of Failed Denuclearization Revealed AvatarNamgung Min South Korea’s Ministry of Foreign Affairs and Trade has released a report claiming that the international community has provided North Korea with approximately $5.63 billion in compensation for supposedly agreeing to give up its nuclear program since the Geneva Agreement was signed in 1994. Kwon Young Se, a lawmaker from the Grand National Party and a member of the Diplomacy, Commerce and Unification Committee of the National Assembly, released the report, “The situation concerning aid to North Korea related to nuclear negotiations.” In it, Kwon asserts, “The cost of implementing the Six-Party Talks agreement and the Geneva Agreement has been $2.26 billion, and humanitarian aid from the international community including South Korea, the U.S., Japan and international organizations has amounted to around $3.4 billion since 1994.” The report explains that under the Geneva Agreement North Korea was supposed to be provided with 500,000 tons of heavy oil from the international community every year if it abandoned the Yongbyon nuclear facilities. Therefore, South Korea spent $1.15 billion, Japan spent $410 million, and the EU spent $18 million before the fact that North Korea was covertly maintaining a highly-enriched uranium program was revealed by U.S. Assistant Secretary of State James Kelly in October, 2002. The U.S. alone had provided North Korea heavy oil with a value of $400 million between 1994 and 2002.In addition, under the February 13 and October 3 Agreements of 2007, the six parties agreed that the five parties would provide North Korea with “economic, energy, and humanitarian assistance up to the equivalent of one million tons of heavy fuel oil” and had given the equivalent of $310 million by April, 2009 when North Korea launched a long-range missile and conducted a range of other provocative moves. Apart from nuclear-related provisions, international humanitarian aid amounted to $3.4 billion between 1998 and 2007: South Korean organizations spent $1.75 billion; U.S. ones $646 million; and other international organizations $1.01 billion. In terms of South Korean aid divided by administration, the Roh Moo Hyun administration spent $1.21 billion, while Kim Dae Jung’s government spent $525.8 million, aside from the $500 million secret remittance which facilitated the 2000 inter-Korean Summit. Upon releasing the report, Kwon pointed out that although the international community has pumped such an astronomical amount of money into North Korea in order to persuade it to abandon its nuclear program, nothing has been achieved. The core strategy of denuclearization should be to adopt one which North Korea cannot reverse, he believes. SHARE News North Korea tries to accelerate building of walls and fences along border with China Facebook Twittercenter_img News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHOR By Namgung Min – 2009.10.06 2:49pm News last_img