North Korea has unilaterally scrapped laws and agreements related to inter-Korean economic cooperation at a plenary meeting of the Supreme People’s Assembly.
On the 8th, the North Korean state-run Korean Central News Agency reported that the 30th plenary meeting of the 14th Standing Committee of the Supreme People’s Assembly occurred at the Mansudae Assembly Hall the day before.
According to a combined report from the Korean Central News Agency and Yonhap News, the meeting put forth. It adopted a proposal to abolish agreements related to inter-Korean economic cooperation. This included the North-South Economic Cooperation Law, the Mt. Kumgang International Tourism Special Zone Law and its implementation regulations, and agreements about North-South economic cooperation.
The North-South Economic Cooperation Law, a fundamental law on inter-Korean economic cooperation, was adopted in 2005 and contains specific procedures and applicable subjects. The Mt. Kumgang International Tourism Special Zone Law was also abolished that day. First established in 2011, it includes provisions for South Korean or foreign companies and individuals to invest in the Mt. Kumgang area.
Not only that but also North Korea has unilaterally abolished agreements related to economic cooperation between the North and South, signaling its intention to halt economic exchanges with South Korea.
Previously, Chairman of the State Affairs Commission Kim Jong Un had defined inter-Korean relations as “relations between two countries at war” at a plenary meeting of the Central Committee of the Workers’ Party at the end of last year.
Meanwhile, the meeting was presided over by Choe Ryong Hae, the Chairman of the Standing Committee of the Supreme People’s Assembly, and attended by Vice Chairmen Kang Yun Sok, Kim Ho Chol of the Standing Committee of the Supreme People’s Assembly, and Secretary Ko Gil Sun, among others.
Most Commented