Britain cancels plan to forgive North Korean ECA debt

(Yonhap, Seoul, 9 January 22018) The British government has withdrawn its plan to cancel a North Korean debt that has been unpaid for more than four decades, in consideration of the possibility that North Korea could pay it back after the two Koreas are unified, U.S. broadcaster Voice of America reported Tuesday. UK Export Finance (UKEF) decided in May 2013 to stop efforts to recover the debt, Voice of America said, citing data from the export credit agency.