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S. Korea demands DPRK pay back loan debt
Posted On 06/08/2012 23:54:11 by Abel132

SEOUL, June 8 (Xinhua) -- South Korea's state-led bank on Friday urged the Democratic People's Republic of Korea (DPRK) to pay back loans offered by the two liberal predecessors of President Lee Myung-bak.

The Export-Import Bank of Korea sent a message earlier in the day, reminding the DPRK's Chosun Trade Bank once again of its debt obligations Oakley Fuel Cell Sunglasses, the unification ministry here said.

The bank faxed a similar message last month to the DPRK, which had promised to pay up its debt for 20 years following a 10-year grace period under a 2000 agreement.

Pyongyang has remained silent on the issue.

The food loans, which covered some 2.4 million tons of rice and 200,000 tons of corn, total 720 million U.S. dollars.

Tags: S Korea Demands DPRK Pay Back Loan Debt



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