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North Korea Agrees to Fold Nuke Factories

Wins political concessions, economic aid for shutdown

By Dustin Lushing, Newser Staff

Posted Jun 29, 2007 12:01 PM CDT

(Newser) – North Korea reached a promising accord with the UN today, pledging to shut its main nuclear reactor in exchange for economic aid and political compromise from the US and its allies. IAEA inspectors returned today from the Yongbyon nuclear complex—the first visit since monitors were expelled in 2002—and will flood the site in several weeks.

The accession comes only after Washington agreed to bilateral talks and eased up on North Korean funds it had trapped in a Macau bank. The UN settled with the rogue state on a system to verify the powering down of North Korea's nuclear facilities, commending Pyongyang for its spontaneous and uncharacteristic cooperation.

Olli Heinonen, deputy director of the International Atomic Energy Agency (IAEA), leaves a meeting with North Korean nuclear officials at a hotel in Pyongyang, North Korea, Friday afternoon, June 29, 2007,... (Associated Press)

This undated handout picture, released from the Korean Central... (Getty Images)

This undated handout picture, released by the Korean Central... (Getty Images)

This undated handout picture, released from the Korean Central... (Getty Images)

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North Korea Agrees to Fold Nuke Factories

Wins political concessions, economic aid for shutdown

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North Korea Agrees to Fold Nuke Factories

Wins political concessions, economic aid for shutdown

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OTHER STORIES ON OUR RADAR

North Korea • United Nations • IAEA • nuclear • Yongbyon • nuclear reactor • aid

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

N. Korea Said Ready to Close Reactor in July

Pariah set to come in from the nuclear cold

White House: UN Nuke Vote a 'Clear Message' to Iran

International community united against Tehran's nuclear program

N. Korea Says It's Done With Nuke Talks

UN's 'unbearable insult' sparks threat to re-start plutonium production

Israel Target in Syria Likely Nuclear Site: UN

Uranium, site features could be remnants of reactor

N. Korea Readies Test Launch Missiles

UN monitoring halted, disarmament pact nearing collapse

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Newser By Users

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