The Minister of Unification on Monday afternoon admitted to having no evidence to back up his statement that 70 percent of the money going into the Kaesong Industrial Complex (KIC) has gone to North Korea's Workers' Party of Korea (WPK) to fund nuclear and missile development.

Hong, speaking at the National Assembly's Council of Foreign Affairs and Trade Committee said there had been a misunderstanding surrounding his previous remarks and apologized to lawmakers and Korean citizens.