Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
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.