Russian prime minister declares 3rd Winter World Military Games openMilitary & Defense February 24, 22:33
Russia to veto UNSC resolution imposing sanctions on Syria — envoyRussian Politics & Diplomacy February 24, 22:29
Ukrainian MP Savchenko arrives in Donetsk republic to visit Ukrainian prisoners — agencyWorld February 24, 22:25
Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
SEOUL, August 23 (Itar-Tass) - Trade volume between South Korea and North Korea in the first half of the year has dwindled by almost 40% to $559.1 million against the same period last year, the South Korean Statistics Service said in a report on Friday.
According to its data, the figure stood at $930 million in January-June 2012.
Seoul explains this bilateral trade reduction mainly by the cessation of work of the Kaesong Industrial Complex.
It was closed in early April due to a sharp deterioration of relations between the two countries after North Korea carried out a nuclear test.
While in January the bilateral trade volume amounted to $180.6 million, by the end of April, when the Kaesong complex was closed, this figure fell to $22 million.
Last week, Seoul and Pyongyang agreed to resume the work of the industrial park, which will contribute to the improvement of inter-Korean relations, analysts believe.