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S. Korea urges N. Korea to respond to 'audacious initiative' for peace, co-prosperity Updated: 2022-08-17 08:21:10 KST

Inter-Korean relations remained icy even under the Yoon administration.
But the government is hoping its initiative focusing on economic cooperation will encourage Pyeongyang to return to dialogue.
Han Seong-woo tells us more.

One day after President Yoon Suk-yeol delivered his Liberation Day Speech, the South Korean government has reiterated its willingness to return to talks with North Korea.
An official at the Ministry of Unification told reporters Tuesday that it's urging Pyeongyang to respond to Seoul's "sincere proposal" for peace and co-prosperity on the Korean Peninsula.
This is in reference to Yoon's preliminary unveiling the day before of his so-called "audacious initiative" to "drastically" improve the North's economy through assistance with power generation, modernization of its ports and airports, a large-scale food program and other measures should the reclusive regime make real steps towards denuclearization.
The official added the ministry currently has no immediate plans to request working-level contact with the North on the matter but will be reviewing inter-Korean relations and the security climate on the peninsula in consideration of such an action moving forward.
The initiative has garnered support from the United States as well.
U.S. State Department spokesperson Ned Price said in a briefing Monday, local time, that the U.S. will continue to work closely with South Korea to resume diplomacy with North Korea.
Emphasizing trilateral cooperation among Seoul, Washington and Tokyo, he explained that it is America's shared goal with South Korea and other allies and partners, to achieve the complete denuclearization of the Korean Peninsula.
He then urged the North to return to the negotiating table, saying it can bring "practical, pragmatic steps" to achieve that ultimate goal.
Han Seong-woo, Arirang News.
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