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Thursday, 3 January 2013 - South Korea budgets for sunnier ties with reclusive North |
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See the best of Reuters photography.  See more | Photo caption  Hugh Hefner's girlfriends Hugh Hefner marries Crystal Harris, his one-time "runaway bride" who followed through this time.  Slideshow  Kanye and Kim Kanye West and Kim Kardashian are expecting a child.  Slideshow  South Korea budgets for sunnier ties with reclusive North Tweet Share this Email Print Related News Google's executive chairman plans North Korea trip - AP Wed, Jan 2 2013 UPDATE 2-Google's executive chairman plans North Korea trip -AP Wed, Jan 2 2013 North Korean leader, in rare address, seeks end to confrontation with South Tue, Jan 1 2013 North Korea could have U.S. within missile range, says South Sun, Dec 23 2012 North Korea charges detained American with crime against state Fri, Dec 21 2012 Analysis & Opinion Political risk must-reads South Korea’s next leader will face a currency war Related Topics World » South Korea » North Korea » Natural Disasters » South Korean President Lee Myung-bak attends the 21st ASEAN and East Asia summits in Phnom Penh November 19, 2012. Credit: Reuters/Samrang Pring By Christine Kim SEOUL | Wed Jan 2, 2013 10:55pm EST SEOUL (Reuters) - South Korea has increased its budget to fund North Korea-related projects this year, government data showed on Thursday, with a new president seeking closer relations due to take office in Seoul and signs of an opening from Pyongyang. The two Koreas remain technically at war after their 1950-53 conflict ended with a truce, not a treaty, and relations plunged under South Korean President Lee Myung-bak who cut aid dramatically after the shooting of a South Korean tourist in the North in 2008. Lee's single term ends in February when he will be replaced by Park Geun-hye, who has pledged engagement with the isolated and impoverished North, whose new leader Kim Jong-un signaled a desire for better ties in a speech on New Year's Day. South Korea's Ministry of Unification said parliament had approved a 9.1 percent rise in the inter-Korean cooperation fund this year to 1.1 trillion won ($1.03 billion). "The last offer for talks we made to North Korea was last summer, when the North was suffering from flood damage," said Park Soo-jin, a spokeswoman for the ministry. "We have made the request countless times, and we can say that the offer (to talk) is still open." The budget was higher across the board than in 2012, with more money to support exchanges between families that were divided during the Korean War as well as humanitarian aid. However, it was still well short of the levels seen during the presidency of late former President Roh Moo-hyun, who maintained his predecessor's "sunshine-policy" engagement stance. Both Roh and his predecessor, Kim Dae-jung, were left-of-centre presidents who sought engagement, pouring hundreds of billions of dollars of state and private aid into the North in a bid to prevent Pyongyang developing nuclear weapons. The North pushed ahead with its nuclear program and has conducted two tests, in 2006 and 2009, and is believed to be readying a third. Last month it successfully launched a long-range rocket that critics say is aimed at developing missile technology. Just two weeks after the launch, Kim Jong-un, who took over after his father died in December 2011, called in his New Year's address for "an end to the division of the country" and to "remove confrontation". Political analysts said that while welcome, the statement would not result in better ties unless North Korea abandoned its nuclear ambitions. North Korea has offered olive branches many times before, only to withdraw the offer later and resume shrill threats of all-out war. Park, the daughter of South Korea's former ruler, Park Chung-hee, has said she will engage the North, but that it needs to drop its nuclear ambitions. ($1 = 1063.5 won) (Editing by Nick Macfie) World South Korea North Korea Natural Disasters Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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