This is a blow for South Korea, which had hoped an easing of US sanctions on North Korea could lead to the reopening of inter-Korean projects
South Korean President Moon Jae-In speaks during the 100th Independence Movement Day ceremony on March 1 2019 in Seoul, South Korea. Picture: GETTY IMAGES/CHUNG SUNG-JUN
Those projects, stymied by sanctions on North Korea, are key to a Moon economic initiative that he sees as a driver for South Korea's moribund economy, which is suffering its worst unemployment in a decade. He has pressed hard for sanctions relief, saying South Korea is the"main stakeholder" in Korean peninsula issues.
"The new Korean peninsula regime is a new community of economic cooperation that will be formed after the era of ideology and factionalism is put behind us," a sombre-looking Moon said at a ceremony in Seoul. But as the dust settles on the summit, there are questions as to whether the enthusiasm of Moon and his top aides, including national security adviser Chung Eui-yong, got the better of them.
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