AGL 39.02 Decreased By ▼ -0.98 (-2.45%)
AIRLINK 129.49 Increased By ▲ 0.43 (0.33%)
BOP 6.76 Increased By ▲ 0.01 (0.15%)
CNERGY 4.72 Increased By ▲ 0.23 (5.12%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.05 Increased By ▲ 0.23 (0.56%)
DGKC 81.50 Increased By ▲ 0.54 (0.67%)
FCCL 32.91 Increased By ▲ 0.14 (0.43%)
FFBL 75.35 Increased By ▲ 0.92 (1.24%)
FFL 11.80 Increased By ▲ 0.06 (0.51%)
HUBC 109.90 Increased By ▲ 0.32 (0.29%)
HUMNL 13.90 Increased By ▲ 0.15 (1.09%)
KEL 5.32 Increased By ▲ 0.01 (0.19%)
KOSM 7.80 Increased By ▲ 0.08 (1.04%)
MLCF 38.69 Increased By ▲ 0.09 (0.23%)
NBP 64.40 Increased By ▲ 0.89 (1.4%)
OGDC 193.90 Decreased By ▼ -0.79 (-0.41%)
PAEL 25.70 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.35 Decreased By ▼ -0.04 (-0.54%)
PPL 155.40 Decreased By ▼ -0.05 (-0.03%)
PRL 25.61 Decreased By ▼ -0.18 (-0.7%)
PTC 17.40 Decreased By ▼ -0.10 (-0.57%)
SEARL 80.20 Increased By ▲ 1.55 (1.97%)
TELE 7.80 Decreased By ▼ -0.06 (-0.76%)
TOMCL 33.75 Increased By ▲ 0.02 (0.06%)
TPLP 8.57 Increased By ▲ 0.17 (2.02%)
TREET 16.21 Decreased By ▼ -0.06 (-0.37%)
TRG 58.00 Decreased By ▼ -0.22 (-0.38%)
UNITY 27.75 Increased By ▲ 0.26 (0.95%)
WTL 1.41 Increased By ▲ 0.02 (1.44%)
BR100 10,515 Increased By 70.1 (0.67%)
BR30 31,190 Increased By 1 (0%)
KSE100 98,513 Increased By 714.8 (0.73%)
KSE30 30,749 Increased By 268.4 (0.88%)

SEOUL: North Korea confirmed on Friday it is shutting some embassies in an effort to “rearrange its diplomatic capacity efficiently”, closures that South Korea says indicates the North is struggling under the burden of sanctions.

North Korea is poised to close as many as a dozen embassies including ones in Spain, Hong Kong, and various countries in Africa, according to media reports and analysts, which could mean the closure of nearly 25% of its missions worldwide.

A North Korean foreign ministry spokesperson confirmed in comments on the ministry website that some missions were closing while adding that new ones were opening.

“We are carrying out operations to withdraw and establish diplomatic missions in accordance with changing global environments and national foreign policy,” the spokesperson said, calling it normal activity, and without giving any details.

North Korea, facing extensive sanctions over its nuclear and missile programmes, manages to maintain business ties and friendly diplomatic relations with a dwindling number of Cold War-era friends.

North Korea closes multiple embassies around the world

North Korean missions have at times engaged in illicit activities, according to international sanctions monitors, to raise cash to fund their operations and to send back to Pyongyang.

South Korea’s unification ministry, which handles relations with the North, said this week North Korea’s closure of some diplomatic missions was a sign it is struggling to make money overseas because of international sanctions.

Comments

Comments are closed.