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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Inter-Korean trade declines for second month AP - Sunday, December 21 SEOUL, South Korea - Trade between North and South Korea declined in November for the second straight month, Seoul said Saturday, amid heightened political tensions between the rival states. Trade between the neighbors fell 27.7 percent to $142.72 million from the same month last year, the Unification Ministry said in a report on its Web site. The report did not provide a specific reason for the decrease. In October, inter-Korean trade dropped 23.2 percent to $163.07 million. The drop comes amid intensifying North Korean anger with the policies of South Korean President Lee Myung-bak. The conservative Lee took office in February vowing Seoul should not offer unconditional aid to its impoverished, nuclear-equipped neighbor, though he broadly favors engagement. North Korea has curtailed government-level exchanges and dialogue in response. After a series of threats, the North ordered from Dec. 1 tightened restrictions on border traffic, reduced the number of South Koreans allowed access to a joint industrial zone and stopped South Korean tours to a historic city near the border. For the first 11 months of the year, inter-Korean trade totaled $1.7 billion, the ministry said, up 3.7 percent from the same period last year. Inter-Korean trade reached an all-time high of $1.8 billion in 2007. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Tentacles of Madoff scandal reach far and wideAP - Sunday, December 21 Chinese company promises 2.6 billion dollar iron deal to Liberia: ministerAFP - Sunday, December 21 Russia's Putin warns business on excessive job cutsReuters - Sunday, December 21 Italy's Berlusconi: Age for women to retire may riseReuters - Sunday, December 21 Canada offers $3.29 billion auto bailoutAP - Sunday, December 21 Most Popular – Business Viewed Global economy seen sinking into 'severe' 2009 recession: report Actress Jennifer Aniston appears naked in GQ magazine Oil prices mixed; New York contract expires below 34 dollars German Christmas cake theft sparks data scare Deep Throat, Watergate's secret informant, dies at 95 View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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