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KEDO demands $1.9 billion from N. Korea for defunct reactor project SEOUL, Jan. 16 (Yonhap) -- An international energy consortium has asked impoverished North Korea for nearly US$1.9 billion in compensation for its defunct project to build two nuclear power plants in the North under the 1994 nuclear agreement on the North's freezing of its nuclear activities, diplomatic sources here said Tuesday. North Korea, however, has yet to respond to the claim, the sources said, speaking on condition of anonymity. Analysts also said the North is unlikely to respond favorably, given its past record and current claims. The North claims...

N.Korea demands U.S. compensation for reactor project Mon Nov 28, 3:34 AM ET The United States should give North Korea "political and economic" compensation after the collapse of an international project to provide it with nuclear reactors, a spokesman for Pyongyang's foreign ministry said on Monday. Last week, the Korean Peninsula Energy Development Organization (KEDO), the body running the project, pulled the plug on the long-stalled deal to provide two light-water reactors (LWRs) in exchange for the communist state freezing its nuclear weapons programmes, reports said. The beleaguered project had been suspended since 2002 when Washington accused Pyongyang of cheating...

NEW YORK (AP) -- The United States, South Korea, Japan and the European Union on Friday said they are halting construction work on two nuclear reactors in North Korea, which is suspected of secretly developing atomic weapons. All four are members of the Korean Peninsula Energy Development Organization (KEDO) executive board, which has been building the light-water reactors as part of a 1994 deal between the United States and North Korea. The reactors were meant to come online in 2007. The one-year work suspension will begin Dec. 1, KEDO said in a statement read by spokesman Roland Tricot at...

North Korean nuclear reactor construction may be halted Mon Jun 23, 2:43 AM ET Add World - AFP to My Yahoo! TOKYO (AFP) - A group in charge of the construction of light-water reactors in North Korea (news - web sites) under a deal intended to halt its development of nuclear weapons may suspend the project in August due to US opposition. AFP/file Photo   Washington says it is difficult to supply the parts needed to build the main sections of the nuclear reactors because Pyongyang has not signed a protocol agreeing to compensate for losses from any accidents,...