North Korea 'demanded $10 billion in cash and food' for summit with South

January 29, 2015 3:39 AM

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North Korea 'demanded $10 billion in cash and food' for summit with South

SEOUL (Reuters) - North Korea demanded $10 billion in cash and half a million tons of food in 2009 as a precondition of holding a summit with the South, former South Korean president Lee Myung-bak said, adding that he refused to pay anything for holding talks.

A predecessor, Kim Dae-jung, held the first summit with North Korean leader Kim Jong Il in 2000 and was credited with bringing in a period of warming ties, an achievement that was tarnished later by a revelation that he helped channel $500 million to the North.

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