South Korea will help North Korea (DPRK) to attract foreign investment if Pyongyang gives up its nuclear ambitions, South Korea’s finance official said on Thursday.
Choi Kyung-hwan, Deputy Prime Minister, Minister of Strategy and Finance, said, “If North Korea decides to abandon its nuclear weapons, we will cooperate with Northeast Asian countries to actively support North Korea’s accession to international financial organisations and its attraction of international investment.”
Emphasising the particular importance of cooperation in the energy field, he said that Seoul will pave the way for East Asian countries to participate in joint natural resource development projects in the region. “Northeast Asia is a region where countries with surging energy demand and countries with a great potential for energy supply co-exist,” he said. “We need to actively seek new measures for energy cooperation that can bring a win-win outcome and bring stability to the global energy market.