NORTH KOREA

JUNE 14 2007 13:50h

Most N.Korea Funds In Macau Bank Transferred

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A transfer of most North Korean funds long frozen in a Macau bank has been completed.

A transfer of most North Korean funds long frozen in a Macau bank has been completed, South Korea's Yonhap News said on Thursday, raising the prospect of an end to the deadlock stalling a nuclear disarmament deal with Pyongyang.

Of $25 million in North Korean funds at Banco Delta Asia, $20 million has been transferred, Yonhap reported citing the Macau government.