Washington: North Korea has spent almost USD 1.3 billion on its rocket program this year, a report from South Korea`s government has suggested.
Two rockets, which were launched this year, this week`s mission and a failed attempt in April, cost USD 600 million, while the launch site itself is estimated at USD 400 million, said an official from the South Korea`s Ministry of Unification.
According to CNN, the official said that other related facilities add another USD 300 million.
“This is equivalent to acquiring 4.6 million tons of corn,” the report quoted the official, as saying.
“If this was used for solving the food shortage issue, North Koreans would not have to worry about food for four to five years,” he added.
Whatever the cost, what is known is that North Korea is one of the poorest countries in Asia, with an economy worth just USD 40 billion, according to the CIA World Factbook.
According to the report, Cheong Wook-Sik, the director of South Korea`s Peace Network in Seoul, pointed out that the price of Pyongyang’s rocket launches might be lower than government estimates because North Korean workers earn much less than their southern neighbours.
The Kaesong industrial complex, on the border with South Korea, has some of the country`s highest wage earners at about USD 100 per month, says Cheong, 14-year chief of the South Korean non-governmental organisation.
“This is very high compared to the rest of North Korea. If you`re not working in Kaesong, the average worker salary drops to an average of perhaps USD 50 per month,” the report quoted him, as saying.
ANI
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.