South Korea To Pay Record $2.64M For North Korea's Olympic Visit

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The Ministry of Unification mentioned the funds can pay for the prices together with lodging and meals for North Korea’s cheering squad, orchestra, taekwondo performers, journalists and different supporting personnel who had visited or are nonetheless in South Korea. Combined, they make a bunch of 424 North Koreans.

South Korean President Moon Jae-in invited North Korea athletes, supporters and officers to the Olympics in an try and decrease months of rigidity between Pyongyang, Seoul and Washington over North Korea’s nuclear and missile packages.

A closing quantity for the entire cost of all of the North Koreans who visited through the Olympics shall be disclosed at a later time, mentioned ministry spokesman Baik Tae-hyun in a briefing.

Costs for internet hosting the high-level official delegation which included Kim Yo Jong, the sister of North Korean chief Kim Jong Un, have been paid for individually from the federal government finances, Baik added with out disclosing particulars.

The International Olympics Committee will foot the invoice for 22 North Korean athletes additionally in South Korea.

Travel between the 2 Koreas has been unattainable with out the approval of each governments because the 1950-53 struggle that divided the peninsula and resulted in a truce fairly than a peace treaty.

Wednesday’s quantity far exceeds the 1.35 billion received that was used to pay for the 650 North Koreans who visited South Korea in 2002 for the Asian Games within the port metropolis of Busan.

The smaller quantity in 2002 was partly as a result of North Koreans’ cheering squad staying and consuming on the ferry they’d arrived in, a ministry official instructed Reuters who spoke on situation of anonymity.

Inflation additionally attributed to the upper quantity.

From the largest portion of the two.86 billion received, about 1.2 billion received shall be used for lodging and meals, the official added. Roughly billion received shall be used to pay for entrance charges for Olympics venues and 100 million received has been put aside for transportation prices.

Most of the North Koreans stayed at luxurious inns in Seoul and close to the Olympics venue practically all through their go to, together with the five-star Grand Walkerhill in western Seoul that has beforehand hosted celebrities together with Paris Hilton and Michael Jackson.

The finances for the North Koreans’ keep shall be withdrawn from the Inter-Korean Cooperation Fund, a part of the Unification Ministry’s spending finances. The fund was created in 1991 for North Korea-related expenditures and its complete 2018 finances is 962.four billion received.

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