Korea summit economic pledge raises sanctions-busting fears

Speaking at a joint news conference in Pyongyang on Wednesday, South Korea's President Moon Jae-in said he and North Korean leader Kim Jong Un agreed to the normalization of the Kaesong joint border industrial park and tours to North Korea's Mount Kumgang. The two projects, which were suspended amid tensions between the rivals under Moon's two conservative predecessors, had been lucrative sources of cash for the impoverished North. Moon said the steps were part of an agreement to turn the Korean peninsula into a "land of peace without nuclear weapons and nuclear threats".

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