S. Korea unable to recoup 2.2 trillion won in rice loan to N. Korea: lawmaker

Yonhap 8/26/2007 South Korea will likely lose 2.2 trillion won (US$ 2 billion) in its food loan to North Korea, because the price was set by international market standards, an opposition lawmaker said Sunday. Since 2002, South Korea has loaned 2.1 million tons of rice worth 2.86 trillion won to North Korea to help alleviate … Continue reading S. Korea unable to recoup 2.2 trillion won in rice loan to N. Korea: lawmaker