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. Last Updated: 07/27/2016

Seoul Cools on Deal

SEOUL () -- South Korea will not take part in an international deal to finance upgrading North Korea's nuclear rectors unless Pyongyang accepts a safer model of reactor used in the South, a presidential spokesman said Monday.

Under an agreement with North Korea, the United States has undertaken to put together a consortium of nations to meet the estimated $4 billion cost of replacing the North's graphite nuclear reactors with the safer light-water system. Earlier this month South Korean President Kim Young-sam offered money and modern nuclear technology to the Stalinist state.

But the North said at the weekend Pyongyang had never considered accepting nuclear reactors from South Korea, prompting Seoul's angry response.