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North Korea rejects South Korea's 'bold' economic aid plan

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Seoul — Kita Kim Jong Un The chairman's powerful sister, South Korea's Kim Yo Jong, said on Friday that he would never deal with South Korea's offer to boost the North's economy in exchange for giving up its nuclear weapons.

Yoon said at a press conference on Wednesday that he was willing to provide phased economic aid to North Korea if it ended its nuclear weapons development and began denuclearization. After repeating in honor of his 100th day, they came.

"Considering that the plan to exchange 'economic cooperation' for our honorable nuclear energy is Yoon's great dream, hope and plan, he turned out to be really simple. It's still childish," Kim Yo-jung said in a KCNA statement. ``No one can trade that fate for corn cakes.''

``He may knock on the door with any big plans in the future, because his 'daring plans' won't work. But we will make it clear that we will not meet him face-to-face," she said.

Experts say South Korea's latest economic plan resembles proposals made by past presidents, including those proposed at the then-US-China summit. President Donald Trump and former North Korean leader Kim Jong Un have suggested North Korea is unlikely to accept the offer. It adds to a long list of unsuccessful proposals, including South Korea's promise to provide a Scott Snyder, a senior fellow at the Council on Foreign Relations think tank, said in a blog post on Thursday.

It will make the leadership more and more resistant to infrastructure projects," he added.

Meanwhile, North Korea launched two cruise missiles into the sea on Wednesday. This is the first attempt in two months. It came last week after the country declared victory over COVID-19. (Reporting by Joori Roh, Editing by Richard Pullin)