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Nations formally end N. Korean nuke incentive plan
05/31/2006
A multinational project to build two tamperproof nuclear power plants for North Korea in exchange for UN inspections of the country's atomic sites was formally killed off Wednesday by the United States, Japan, South Korea and European Union. A short statement from the executive board of the Korean Peninsula Energy Development Organization (KEDO) blamed Pyongyang's "continued and repeated failure" to cooperate with the international effort to induce North Korea to give up its self-proclaimed nuclear weapons program. KEDO also demanded that North Korea recompensate the agency for the multibillion-dollar cost of the project - a dim prospect given North Korea's isolation and belligerency.
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