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South Korea Offers Economic and Food Aid to North Korea if They Give Up Nuclear Program

South Korea’s president has laid out the details of what he called an “audacious plan” to improve North Korea’s…
South Korean President Yoon Suk-yeol speaks during an inaugural dinner at a hotel, after his inauguration ceremony at the new presidential office in Seoul on May 10, 2022. (Jeon Heon-Kyun/Pool via Getty Images)
South Korean President Yoon Suk-yeol speaks during an inaugural dinner at a hotel, after his inauguration ceremony at the new presidential office in Seoul on May 10, 2022. (Jeon Heon-Kyun/Pool via Getty Images)

South Korea’s president has laid out the details of what he called an “audacious plan” to improve North Korea’s economy in exchange for complete denuclearization and “sustainable peace” in the Korean Peninsula.

Speaking at a ceremony commemorating South Korea’s independence from Japanese 1910–45 colonial rule, President Yoon Suk-yeol called on Pyongyang to embark on “a genuine and substantive process for denuclearization.”

Yoon pledged to provide Pyongyang with an economic plan that would “significantly improve North Korea’s economy and its people’s livelihoods in stages” if the Kim Jong Un regime stopped its nuclear program.

“We will 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,” he said.

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