Marketplace®

Daily business news and economic stories

Now, about those millions on ice

The agreement on North Korea's nuclear program has one sticking point both sides agreed to leave for later: Whether Pyongyang gets its hands on millions of dollars sitting in a bank in Macau. Kai Ryssdal has more.

Download

TEXT OF STORY

KAI RYSSDAL: Everybody from the president on down’s praising the news out of Beijing today. North Korea has agreed to suspend its nuclear program in exchange for a $250 million aid package.

One sticking point both sides have agreed to leave for later is whether Pyongyang gets its hands on millions of dollars sitting in a bank in Macau.

University of Georgia History Professor Stephen Mihm says a lot has to happen before the U.S. unfreezes that money.

STEPHEN MIHM: If in the next month this question of the frozen accounts is resolved to their satisfaction — and that’s a big if — then that may do a lot to insure the success of this particular accord. But it’s by no means certain.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    5 hours ago
    6:58
  • Marketplace Tech
    10 hours ago
    12:22
  • Marketplace
    a day ago
    25:13
  • Make Me Smart
    2 days ago
    15:13
  • Million Bazillion
    3 days ago
    5:01
  • This Is Uncomfortable
    24 days ago
    2:27
  • Financially Inclined
    2 months ago
    12:30
  • How We Survive
    2 months ago
    22:09
  • The Uncertain Hour
    3 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58