South Korea to maintain sanctions against North Korea

Image
IANS Seoul
Last Updated : Mar 24 2014 | 6:36 PM IST

South Korea's unification ministry Monday said it will not lift the sanctions it imposed on North Korea May 24, 2010, until Pyongyang takes responsibility for the sinking of a South Korean warship four years ago.

South Korea's unification ministry spokesman Kim Eui-do told a routine press briefing that the government was not considering at all whether to lift the May 24 sanctions, noting the country has not taken any responsibility for the sinking of the Cheonan warship, Xinhua reported.

South Korean Navy ship Cheonan sank March 26, 2010, in waters near a western maritime border with the country in what a Seoul-led multinational investigation team said was a torpedo attack by Pyongyang.

However, North Korea has repeatedly denied its involvement in the incident, in which 46 South Korean sailors aboard were killed.

South Korea has imposed the sanctions May 24 that year, banning all inter-Korean economic and personnel exchanges, except in the joint factory park in the North Korea's border town of Kaesong.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 24 2014 | 3:44 PM IST

Next Story