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North Korea¡¯s immediate banking troubles will likely be resolved this week, as chances are high that the U.S. will accept the North¡¯s demand to transfer its assets in Macau to a third country via a U.S. bank. Diplomatic sources on Wednesday said the U.S. is inclined to allow a U.S. bank to play an intermediary role in transferring the recently unfrozen US$25 million. Quoting a U.S. official, AP reported the U.S. Treasury was expected to make a decision by as early as Thursday. The official told the news agency, ¡°The North Koreans want to use an American bank because they think the transaction would help secure their continued access to the global financial system.¡±
The matter has been delayed because no international bank wanted to touch the money after the Treasury identified some of it as coming from illicit activities.
(englishnews@chosun.com )
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