Institute for Far Eastern Studies (IFES) NK Brief No. 10-05-27-1 5/27/2010 On May 24, the South Korean government announced, in response to the Cheonan incident, the cessation of inter-Korean exchanges and other sanctions against Pyongyang. These measures will directly impact the North, costing it 250~300 million USD. According to the Ministry of Unification, North Korea … Continue reading Impact of the ROK’s May 24 economic sanctions against the DPRK