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April 11, 2007
Pyongyang Seeks Deadline Extension
for Reactor Shutdown

Seoul
 North Korea has told a visiting US delegation that it would not meet a Saturday deadline to shut down its nuclear reactor and wanted an extension of at least 30 days, a television report said.

Kim Kye Gwan, North Korea's top nuclear negotiator, made the announcement to the delegation in Pyongyang and added that his country would also allow UN nuclear inspectors back into the country within a month, the US television network NBC reported.

Pyongyang agreed to shut down its reactor at Yongbyon in February in talks with the United States, China, South Korea, Japan and Russia in return for energy and other aid and talks on the normalization of ties with Washington and Tokyo.

Implementation of the February agreement has been delayed over a dispute involving frozen North Korean accounts at a Macau bank. Pyongyang refused to shut down the reactor until the money was released, and on Tuesday, the US government announced that the Banco Delta Asia was ready to free the accounts.

Christopher Hill, the chief US negotiator in the nuclear talks, pressed Pyongyang Wednesday to start dismantling its nuclear-weapons programme, saying the dispute over the money frozen by US sanctions has been resolved.

"It's our hope that the DPRK will understand the need to move ahead with denuclearisation," Hill said.

However, Hill, who spoke from Seoul after meeting with South Korean Foreign Minister Song Min Soon, said it remained to be seen whether Pyongyang would consider the matter of the bank accounts settled.

"That's obviously the key question, and I think we are going to find that out in the next day or so," he said.

According to American and South Korean officials, the holders of 50 accounts containing $25 million could immediately access their money.

The accounts were frozen when the US Treasury Department banned all US transactions with Banco Delta Asia after linking the North Korean accounts to illicit financial activities, such as counterfeiting, drug trafficking and money laundering.

The US delegation in North Korea discussed the frozen accounts with Kim during Wednesday's meeting. The Americans had travelled to Pyongyang to recover the remains of US soldiers killed during the 1950-1953 Korean War. It was due to travel to Seoul Wednesday at the end of a four-day visit. 

DPA | April 11, 2007

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