PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrived in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
Key facts about ExxonMobil and its business in RussiaBusiness & Economy July 21, 18:14
SEOUL, August 7 (Itar-Tass) —— The Republic of Korea is setting up a special fund for financial ensuring of two Koreas’ possible integration in future, the Ministry of Unification reported on Tuesday on the results of a meeting of the cabinet of ministers which approved an envisaged bill regarding the problem of inter-Korean unification.
“This document envisages, in particular, the division of the money of the Inter-Korean Cooperation Fund into two accounts. One of them will be intended for developing cooperation of the North and the South through the border dividing them, and another - - for covering the cost of the two Koreas’ unification process,” the ministry specified.
According to an estimate of the Korean National Unification Institute, the initial cost of integration of the North and the South can amount to 47-216 billion dollars.
The bill will come into force if it is approved by deputies of the one-chamber National Assembly of the Republic of Korea. The document, as the ministry stressed, will be submitted for parliamentarians’ consideration this month.
Over the last months, President Lee Myung-bak of the country often spoke about the fact that “with account of the present situation, I believe that the unification is close already.”