Seoul to Pay Most of N.Korea's Asian Games Bill

      October 17, 2014 12:12

      Seoul will pay most of North Korea's Asian Games bill or some W550 million out of the total W938 million (US$1=W1,062).

      Pyongyang on Oct. 3 paid Seoul US$191,682 for its participation in the 17th Asian Games in Incheon from Sept. 19 to Oct. 4 -- $138,000 for the delegation's food and lodging at the athletes' village, $42,000 for expenses for North Korean reporters, and $12,000 in airport charges.

      "This was the first time the North has ever paid costs for an international sports event held in South Korea," a Unification Ministry official said on Thursday. "They paid expenses for their own food and accommodation."

      But Pyongyang did not pay all expenses incurred by its delegation and left Seoul with the lion's share.

      In an exchange of the Inter-Korean Exchange and Cooperation Promotion Council held quaintly conducted by fax on Thursday, the government agreed to shoulder W938 million from the Inter-Korean Cooperation Fund.

      "But in fact we're paying about W550 million in total" minus the money the North already paid, the official added.

      In 2002, Seoul paid the entire W870 million for the North's participation in the Busan Asian Games -- the first international sporting event the North attended in South Korea.

      Seoul also fully financed North Korea's participation in the 2003 Summer Universiade in Daegu and the 2005 Asian Athletics Championships in Incheon.

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