Russia moves Iskander missile systems for drills to Tajikistan for first timeMilitary & Defense May 25, 8:40
Eighty years since assembly of legendary Soviet monument at 1937 World’s Fair in ParisSociety & Culture May 25, 8:15
Putin receives message clarifying intentions of new South Korean presidentRussian Politics & Diplomacy May 25, 7:47
Forest fires raging on over 8,000 hectares in Russia’s Far East and SiberiaWorld May 25, 6:44
Ukraine’s Savchenko says wants to run for president in 2019World May 25, 3:38
Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
SEOUL, November 1 (Itar-Tass) —— South Korea plans to set up a fund of 55 trillion wons (49.4 billion dollars) in the current year. It is intended for rendering aid to the process of unifying the North and the South, Korean Unification Minister Yo Woo Ik, who is staying in Washington now, said on Tuesday, the News Agency Yonhap reports.
“The governmental departments have almost agreed on this issue, and I hope that legislators will approve a corresponding bill before the end of the current year. Such a step will unite people and strengthen their striving for the unification,” the minister said. To set up the fund, according to him, funds will be provided by the government from budget allocations, as well as at the expense of private donations. The supposed size of the fund will cover only the minimal cost of two Koreas’ unification.
In August 2011, one of the scientific research institutes estimated the possible cost of the unification process of the DPRK and South Korea at 249 trillion wons (about 224 billion dollars). Touching upon the possibility of holding a summit of the incumbent leaders of two Koreas, Yo Woo Ik said that in the near future the probability of such an inter-Korean summit meeting is low. “A summit of the two Koreas’ meeting will become a very powerful and effective event. However, we don’t have a certain plan since it is difficult to forecast any tangible results at the present stage.