About the Author
Ha-young Choi
Ha-young Choi was an NK News correspondent based in Seoul. She studied Korean history, mainly focusing on modern Korean history at Korea University. Follow her on twitter @Hy_Choi0826
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News Seoul asks inter-Korean trade companies to refund loanCompanies, NGOs say losses due to sanctions are large, call for government consideration The Seoul government is seeking to collect a share of the low-interest loans it has provided for the purpose of assisting companies working on inter-Korean economic cooperation. The Export-Import (Ex-Im) Bank of Korea sent letters to 149 out of 168 companies, asking that they refund 5 percent of the loans. The other 19 companies, which invested in Mount Kumgang and the interior region, excluding the Kaesong Industrial Complex, were not included. © Korea Risk Group. All rights reserved. |