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KEDO CALLS FOR COMPENSATION FROM N.KOREA FOR REACTOR PROJECT.
NEW YORK, June 1 Asia Pulse - An international consortium which on Wednesday announced termination of its nuclear reactor project in North Korea said it will seek compensation from Pyongyang.
"We've invested so much in North Korea," Park Byung-yun, deputy executive director of the Korean Peninsula Energy Development Organization (KEDO), told reporters.
"We will make sure that we seek compensation from North Korea...we have the right (to do so)," he said.
KEDO was established in a 1994 agreement between North Korea and the United States that ended their first nuclear crisis. Pyongyang agreed then to freeze its nuclear activities in return for a set of light-water reactors to be built and financed by KEDO.
The agreement was virtually scrapped with a U.S. accusation in late 2002 that North Korea was harboring a secret nuclear arms program using uranium, which started the second nuclear crisis that has yet to be resolved.
KEDO, in limbo since the second crisis began, officially declared an end to the US$4.6-billion ...
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...YORK-The head of KEDO, the international...nuclear reactors in North Korea, is confident Pyongyang...Development Organization (KEDO), expressed his...Pyongyang ``(North Korea) seems to understand...Agreed Framework, North Korea agreed to give up...assistance from ...
Source: HighBeam Research, KEDO CALLS FOR COMPENSATION FROM N.KOREA FOR REACTOR PROJECT.