South Korea seeks to reclaim loans to North Korea for destroyed infrastructure projects.

South Korea is reviewing measures to reclaim loans given to North Korea for building inter-Korean roads and train tracks, which were destroyed by North Korea in October. The loans, totaling $132.9 million from 2002 to 2008, are now at risk of not being repaid. The unification ministry is also working on a bill to support North Korean defectors by offering tax cuts to companies that hire them.

November 18, 2024
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