Former President Lee’s Memoir Reveals that North Korea Demanded $10 Billion for Inter-Korean Summit

I think former ROK President Lee Myung-bak was right to squash any summit hopes with such outrageous demands as this from the North Koreans:

When former South Korean president Kim Dae-jung met with the late Kim Jong-il on North Korean soil in 2000, it was seen as a landmark event and a huge step towards possible reunification. Whatever optimism the meeting inspired, however, was quashed when it was revealed the South Korean administration secretly paid hundreds of millions of dollars to make the summit happen.

According to former South Korean president Lee Myung-bak, Pyongyang set even steeper demands for a summit when Lee began his own term, which ran from 2008-2013. In his memoir The Times of the President, which is set to be published next week, Lee writes that Pyongyang demanded $10 billion in cash and half a million tons of food as part of a deal for Lee to meet Kim Jong-il.

“The document looked like some sort of standardized ‘summit bill’ with its list of assistance we had to provide and the schedule written up,” Lee writes, according to excerpts obtained by Reuters.

The “conditions for a summit” included 400,000 tons of rice, 100,000 tons of corn and 300,000 tons of fertilizer. The $10 billion would go towards setting up a development bank.

Lee flat out refused. “We shouldn’t be haggling for a summit,” he wrote.  [KoreAm Journal]

You can read the rest at the link, but President Lee’s predecessor Roh Moo-hyun was able to get a summit with Kim Jong-il because he was actually paying the North Koreans more per year than what the ROK was contributing to the US-ROK alliance at the time.