South Korea’s unification ministry will downsize two subsidiaries and cut related budgets, as strained ties with North Korea limit the scope for inter-Korean engagement, a ministry official said Wednesday.
The ministry has instructed the Kaesong Industrial District Support Foundation and the South-North Exchange and Cooperation Support Association (SONOSA) to draft proposals to enhance their operations in line with planned government budget cuts for next year.
South Korea’s unification ministry will downsize two subsidiaries and cut related budgets, as strained ties with North Korea limit the scope for inter-Korean engagement, a ministry official said Wednesday.
The ministry has instructed the Kaesong Industrial District Support Foundation and the South-North Exchange and Cooperation Support Association (SONOSA) to draft proposals to enhance their operations in line with planned government budget cuts for next year.
Try unlimited access
Only $1 for four weeks
-
Unlimited access to all of NK News: reporting, investigations,
analysis
-
Year-one discount if you continue past $1 trial period
-
The NK News Daily Update, an email newsletter to keep you in
the loop
-
Searchable archive of all content, photo galleries, special columns
-
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting,
investigations, and analyses by our team of DPRK experts.
Subscribe
now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
