South Korea, U.S. will stop funds flowing into North's weapons programs: nuclear envoy

South Korea and the United States will continue to halt funds from piping into North Korea's weapons development, the South's chief nuclear negotiator said. Kim Gunn said he and U.S. special representative for North Korea Sung Kim...

Korea's top nuclear negotiator Kim Gunn, right, and U.S. Special Representative for the DPRK Sung Kim hold a joint press conference after their meeting in Washington on Monday. [YONHAP]

South Korea and the United States will continue to halt funds from piping into North Korea's weapons development, the South's chief nuclear negotiator said.

Kim Gunn said he and U.S. special representative for North Korea Sung Kim also noted the importance of making North Korea realize that its provocations will lead to consequences.

"[We] have agreed to strengthen our efforts to more definitely cut off funds to North Korea's nuclear and missile development programs," Kim said of his meeting with the U.S. special representative in Washington.

To this end, Seoul has imposed unilateral sanctions on North Korean entities and individuals in eight different accounts in less than a year, according to the South Korean diplomat.

The nuclear envoys' meeting comes after North Korea's botched attempt to launch what it claimed was a military reconnaissance satellite.

"In a current condition when North Korea has announced plans for an additional launch of a so-called satellite, [we] reviewed and coordinated our countries' countermeasures against potential North Korean provocations," the South Korean nuclear envoy told reporters in Washington.

"We must make North Korea realize that there is nothing it can gain through provocation," he added.

Sung Kim echoed the South Korean envoy's remarks, saying, "It is important to make clear to the DPRK that its escalatory behavior has consequences."

DPRK stands for the Democratic People's Republic of Korea, North Korea's official name.

The U.S. envoy also reiterated U.S. commitment to engaging with Pyongyang.

"At the same time, we have been very clear that we seek dialogue with Pyongyang, and we are willing to meet them without preconditions," he told the joint press conference with his South Korean counterpart.

Kim Gunn said bilateral cooperation between the allies, as well as their trilateral cooperation with Japan, will continue to advance, noting all three countries will sit on the UN Security Council next year.

"South Korea, Japan and the U.S. will together make utmost efforts to make sure that the UNSC will no longer go silent on North Korean provocations," Kim added.

BY SOHN DONG-JOO, YONHAP [sohn.dongjoo@joongang.co.kr]