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She also acknowledged Wednesday's missile test, saying that the location detected by South Korea was wrong, according to NK News. South Korean President Yoon Suk-yeol on Monday offered North Korea a "bold initiative" to help revive its devastated economy after it took steps to denuclearize. .
In a speech on the day marking Korea's liberation from Japanese occupation, Yoon said his He gave few details about "Fearless". An economic offer to North Korea if it makes substantial progress towards denuclearization.
He first raised the idea in his May inaugural address.
He said:
BREAKING NEWS: Kim Yo Jong has decided to I declined the offer of financial assistance. In a statement on Friday, North Korea offered denuclearization in exchange for denuclearization. She also acknowledged Wednesday's missile test, saying the position detected by South Korea was wrong pic.twitter.com/Umxkr4VEj762} — NK NEWS (@nknewsorg) Aug 18, 2022
``Implement a large-scale food program. , support electricity distribution infrastructure, and implement projects to modernize ports and airports for international trade; and implement international investment and financial assistance initiatives.”
This initiative includes the economic use of North Korean resources such as minerals and rare includes exchanging for
Seoul said it plans to launch a joint inter-Korean economic development committee for cooperation once the two countries reach a comprehensive agreement on the denuclearization process.
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Kim Yo-jong said in a KCNA statement that such a plan would be ignorant and "the height of stupidity far from being realized" and would be premised on "if North Korea takes steps to denuclearize." I added that I was wrong.
She said:
"If the 'Bold Initiative' doesn't work, I don't know if he'll knock on our door with any outrageous plan, but we've made it clear that we will never deal with it.
Vice Presidential National Security Advisor Kim Tae-hyo called the bold initiative a "bold proposal" following President Yoon's speech, saying the initiative was "in the early stages of negotiations." ” hinted that it could be implemented. North Korea has taken a sincere stance toward denuclearization.
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Proposals for Pyongyang had already been made by Yoon's predecessors since the late 1990s.
Progressive governments have typically provided preemptive humanitarian aid to rebuild and improve inter-Korean relations even before North Korea began moving toward denuclearization.
