June 11, 2018 12:44
Singapore, the host country of the upcoming U.S.-North Korea summit, is expected to pick up a considerable portion of North Korean leader Kim Jong-un's bills.
When Singaporean Prime Minister Lee Hsien Loong visited the international media center for the summit at F1 Pit Building on Sunday, he said it will cost the city state "around 20 million Singaporean dollars" (W16.1 billion, US$1=W1,078) to host the "historic summit."
"We may be able to recoup a little bit of that, but I think it is a cost that we're willing to pay and it's our contribution to an international endeavor, which is in our profound interests," he added.
He said about half of the cost is for security.
On Saturday, Singaporean Foreign Minister Vivian Balakrishnan told reporters at Beijing Capital International Airport that his country would give the same warm welcome to the North Koreans as they have done to other state guests.
He was on his way back home from Pyongyang, where he discussed details of the summit with his North Korean counterpart Ri Yong-ho.
"We will make sure that every dollar is spent appropriately," he said. "Ultimately, this is our contribution to world peace."
A suite on the 20th floor of St. Regis Hotel, where Kim is staying, costs more than 13,000 Singaporean dollars a night.
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