AGL 37.50 Increased By ▲ 0.92 (2.52%)
AIRLINK 217.38 Increased By ▲ 1.64 (0.76%)
BOP 10.47 Increased By ▲ 0.99 (10.44%)
CNERGY 7.44 Increased By ▲ 0.92 (14.11%)
DCL 9.01 Increased By ▲ 0.40 (4.65%)
DFML 41.34 Increased By ▲ 0.30 (0.73%)
DGKC 106.06 Increased By ▲ 7.08 (7.15%)
FCCL 37.52 Increased By ▲ 1.18 (3.25%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.26 Increased By ▲ 0.18 (1.05%)
HUBC 129.71 Increased By ▲ 3.37 (2.67%)
HUMNL 14.02 Increased By ▲ 0.58 (4.32%)
KEL 5.41 Increased By ▲ 0.18 (3.44%)
KOSM 7.17 Increased By ▲ 0.34 (4.98%)
MLCF 46.38 Increased By ▲ 2.28 (5.17%)
NBP 65.66 Increased By ▲ 5.97 (10%)
OGDC 225.46 Increased By ▲ 4.36 (1.97%)
PAEL 44.52 Increased By ▲ 3.99 (9.84%)
PIBTL 8.38 Increased By ▲ 0.30 (3.71%)
PPL 198.96 Increased By ▲ 7.43 (3.88%)
PRL 40.46 Increased By ▲ 1.91 (4.95%)
PTC 27.30 Increased By ▲ 0.30 (1.11%)
SEARL 106.29 Increased By ▲ 1.96 (1.88%)
TELE 9.63 Increased By ▲ 1.00 (11.59%)
TOMCL 35.65 Increased By ▲ 0.69 (1.97%)
TPLP 15.07 Increased By ▲ 1.37 (10%)
TREET 25.63 Increased By ▲ 0.74 (2.97%)
TRG 70.45 Decreased By ▼ -3.10 (-4.21%)
UNITY 33.55 Increased By ▲ 0.28 (0.84%)
WTL 1.83 Increased By ▲ 0.12 (7.02%)
BR100 12,391 Increased By 403.8 (3.37%)
BR30 38,407 Increased By 1229.1 (3.31%)
KSE100 115,259 Increased By 3907.8 (3.51%)
KSE30 36,300 Increased By 1260.9 (3.6%)

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.