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Revealed: North Korea's winter Olympic expenses are higher than South Korea

South Korea agreed to use government funding to cover the expenses of the North Korean delegation to the 2018 PyeongChang Winter Olympics in the country.

Revealed: North Korea's winter Olympic expenses are higher than South Korea

South Korea agreed to use government funding to cover the expenses of the North Korean delegation to the 2018 PyeongChang Winter Olympics in the country.

14 February 2018 Wednesday 13:38
Revealed: North Korea's winter Olympic expenses are higher than South Korea

According to the Yonhap agency, the South & North Stock Exchange and Cooperation Promotion Council agreed to pay 2.86 billion won (about $ 2.64 million) from the government budget to pay the bills of Pyongyang Olympic team to improve inter-Korean relations.

Hundreds of North Korean performers who came to the country for the Olympic Games were said to be able to meet the expenses of the amigolar and Taekwondo demonstration team.

The South Korean Ministry of Mongolia said in a statement that "the Fund is aiming to provide financial support for the North Korean delegation's visit to South Korea and cultural cooperation projects between North and South".

It was noted in the statement that North Korea's participation in Paralympic Games in PyeongChang in March will be financed or not, and it will be decided at a meeting to be held later.

North Korean leader Kim Jong-un's sister Kim Yo-jong attended the opening ceremony of the Winter Olympics in PyeongChang on February 9th.

South Korean President Moon Jae-in expressed his belief in the evening dinner before the opening ceremony, believing that the recent rapprochement between the two Koreas would provide dialogue and peace in the future

Updated: 14.02.2018 13:44
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