DATE=7/12/99
TYPE=CORRESPONDENT REPORT
NUMBER=2-251659
TITLE=KOREA/ MISSILES (L-ONLY)
BYLINE=JENNIFER VEALE
DATELINE=SEOUL
CONTENT=
VOICED AT:
INTRO: SOUTH KOREA'S MINISTRY OF FOREIGN AFFAIRS AND TRADE SAYS
SEOUL WOULD CUT OFF ECONOMIC AID TO COMMUNIST NORTH KOREA IN THE
EVENT OF A SECOND MISSILE LAUNCH BY THE NORTH. AS JENNIFER VEALE
REPORTS FROM SEOUL, THERE IS GROWING SPECULATION PYONGYANG IS
PLANNING TO TEST FIRE ANOTHER MISSILE.
INTRO: SOUTH KOREA'S MINISTER OF FOREIGN AFFAIRS AND TRADE WAS
QUOTED IN A LOCAL PAPER AS SAYING THE ECONOMIC AID PROGRAM TO THE
FAMINE STRICKEN NORTH WOULD BE AFFECTED SHOULD PYONGYANG GO AHEAD
WITH ANOTHER LAUNCH.
IN AN INTERVIEW WITH THE "MUNHWA ILBO" NEWSPAPER, SEOUL'S FOREIGN
MINISTER, HONG SOON YOUNG, SAID IN THE EVENT OF A SECOND LAUNCH,
SOUTH KOREA, JAPAN, AND THE UNITED STATES WOULD ONLY PROVIDE
MINIMAL SUPPORT TO THE FAMINE-STRICKEN NORTH.
HE WAS QUOTED AS SAYING THE THREE COUNTRIES WOULD FOCUS ON
IMPOSING SERIOUS ECONOMIC PAIN ON THE NORTH.
THE MINISTER SAID FUNDING TO BUILD LIGHT-WATER NUCLEAR REACTORS
WILL CONTINUE EVEN IF ANOTHER MISSILE IS LAUNCHED.
PYONGYANG INFURIATED ITS ASIAN NEIGHBORS AND THE UNITED STATES
LAST AUGUST WHEN IT TESTED A TAEPODONG-ONE MISSILE OVER JAPAN.
PYONGYANG DENIED ALLEGATIONS IT FIRED A MISSILE, SAYING IT
LAUNCHED A SATELLITE.
MINISTER HONG SAID THE NORTH IS TECHNOLOGICALLY READY TO FIRE
ANOTHER MISSILE. THERE HAVE BEEN REPEATED MEDIA REPORTS NORTH
KOREA IS PREPARING TO FIRE MORE MISSILES.
A FOREIGN MINISTRY OFFICIAL ALSO INDICATED SEOUL MIGHT SUSPEND OR
CALL OFF THE MOUNT KUMGANG CRUISE TOURS TO THE NORTH WHICH ARE
RUN BY HYUNDAI, THE COUNTRY'S BIGGEST CONGLOMERATE.
THIS YEAR THE NORTH HAS RECEIVED ABOUT 600-MILLION DOLLARS IN AID
FROM INTERNATIONAL DONORS. (SIGNED)
NEB/JV/GC/RAE
12-Jul-99 8:50 AM EDT (1250 UTC)
NNNN
Source: Voice of America
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