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Moon Jae-in Administration: There Was No Evidence Of A $3 Billion Deal With Pyongyang In 2000

Moon Jae-in Administration: There Was No Evidence Of A $3 Billion Deal With Pyongyang In 2000

The administration of South Korean President Moon Jae-in denied the existence of a secret agreement with the North Korean authorities to transfer $3 billion in the run-up to the inter-Korean summit in 2000. According to the Yonhap News Agency on Wednesday, this reaction followed accusations from opposition MPs against the new head of the National Intelligence Service (NSIS) Park Jie-won in a deal with Pyongyang.

"It was established that the so-called secret agreement (on the transfer of funds) does not exist within government structures," the agency quoted a representative of the presidential administration as saying following an internal investigation involving the Ministry of unification of the country and the LDCs.

On Monday, during parliamentary hearings on Park Jie-won's candidacy for the post of head of the intelligence service, deputies of the opposition United future party tried to accuse Park Jie-won of signing an agreement to provide North Korea with $3 billion in exchange for organizing an inter-Korean summit in 2000. In particular, the parliamentarians released a copy of a document allegedly confirming the fact of the deal between the South Korean authorities and Pyongyang. It is known that then Park Jie-won took an active part in organizing the meeting of the leaders of the two Korean States as a special envoy of the President of the Republic of Korea Kim Dae-Jung (1998-2003). Park Jie-won rejected all the charges against him, warning the opposition of possible responsibility for libel.

President Moon Jae-In in early July nominated Park Jie-won to head the National intelligence service. On July 28, he was officially confirmed as the head of this structure, and Park Jie-won took over from Wednesday.

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