US to N. Korea: Follow through with disarmament

May 15, 2007 09:26


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The top US diplomat in Seoul urged North Korea on Tuesday to act on a pledge to shut down its nuclear reactor amid scant signs of progress in a banking dispute that has bedeviled the process to disarm the communist regime. North Korea missed an April deadline to close its Yongbyon nuclear reactor under a February agreement with the United States and four other countries, contending that it would do so only after it receives US$25 million (€18.5 million) that had been held in a Macau bank that was blacklisted by the US The United States helped release the North's funds - frozen in Banco Delta Asia, which is accused of aiding Pyongyang in money laundering and counterfeiting - in an effort to encourage the North to disarm.

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