Pompeo: American firms will invest in North Korea – if it denuclearises

IF Pyongyang follows through with its promise to denuclearise, private American firms will be allowed to invest in North Korea, giving the hermit kingdom the chance at economic prosperity that “will rival” that of South Korea, US Secretary of State Mike Pompeo said on Sunday.

Pompeo said the United States would not be willing to invest taxpayer dollars to help the country, but was willing to “lift sanctions” to pave the way for private American investment in North Korea’s energy, agriculture and infrastructure sectors.

“What Chairman Kim will get from America is our finest – our entrepreneurs, our risk takers, our capital providers. … They will get private capital that comes in. North Korea is desperately in need of energy … for their people. They are in great need of agricultural equipment and technology,” he said on CBS’ Face the Nation.

SEE ALSO: Trump welcomes home three Americans released by North Korea

“We can create conditions for real…

Original published: 2018-05-14 07:30:10 Read the full Bangkok News here

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