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 (â‚¬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.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>