Updated Mar.23,2007 11:08 KST

Nuclear Talks Search for Way Out of Fund Transfer Mess

Is Kim Jong-il Serious This Time?
Can U.S. and N.Korea Move Past the 2000 Détente?
U.S. Likely to Act Swiftly Under Six-Party Agreement
Pyongyang¡¯s Nuke Envoy Says China Using N.Korea
Abandoned at a Nuclear Crossroads by Kim Dae-joong
Three Questions for Bush on North Korea
'Spring in Beijing' as Six-Party Talks Resume
Experts Fear Six Nations Ignoring Existing Nuclear Weapons
N.Korea Talks Move on to Disabling Nuclear Facilities
Existing Nuclear Arms 'Off the Agenda' in Six-Party Talks
Six-Party Talks on Hold as Banks Refuse to Play Ball
U.S. Official in Urgent Mission to Release N.Korean Funds
N.Korea ¡®Sounded Out U.S. About Keeping Existing Nukes¡¯
No Progress in N.Korea Deal 10 Days From Deadline
BDA Dispute Won¡¯t Delay Rice Aid for N.Korea: Seoul
Six countries in talks on North Korea¡¯s nuclear program are trying to find a way of getting North Korea¡¯s assets from the Macau-based Banco Delta Asia to Pyongyang after the Bank of China refused to hold them.

After the six-party talks stalled over the delay, BOC officials agreed with U.S. negotiators to receive the US$25 million from BDA and send them on to a bank in a third country. China's chief negotiator Wu Dawei then asked South Korea to allow a North Korean branch of a South Korean bank to receive the money from the Chinese bank, but a government official here said that it would be out of the question for Seoul to accept the request.

The countries are now discussing a solution like letting North Korea directly withdraw the funds in cash or enabling the Macau bank to send the money direct to Pyongyang if finding a third-country bank willing to cooperate proves too difficult. South Korea's nuclear envoy Chun Yung-woo said, ¡°It is a matter of days, but not an issue that can be resolved today or tomorrow, so the parties decided to recess for now.¡±

(englishnews@chosun.com )