South Korea’s president-elect Lee Myung-bak has warned the North Korean government that he will cancel a number of aid projects pledged by his predecessor if the programs are not economically sound and are not in accordance with the North’s nuclear disarmament. “Even if they are agreed-upon projects, we need to take into consideration progress in the North Korean nuclear issue and see if they are economically feasible,” he pointed out. “We also have to see whether we are financially capable and if they are worth it … There should also be national consensus. Just because politicians went there and signed them does not mean we have to do that,” The projects include the creation of a new joint economic zone, the construction of a shipbuilding factory, and the improvement of road and rail routes in the Communist country.
Source: SKorea to Review NKorea Aid Projects (AP)