Chinese Government offers $50 million to North Korea to attend six-nation nuclear negotiations

$50M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of North Korea
Country	Democratic People's Republic of Korea
Start Date	Jan 01, 2004
End Date	Jun 26, 2026
Duration	8,212 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`41401`

Grant Description

During the visit of Wu Bangguo to North Korea in October 2003, Wu presented the offer of $50 million USD in aid to North Korean leader Kim Jong Il if North Korea were to take part in the second round of six-nation nuclear negotiations in Beijing in February 2004. It said North Korea would get the money only after the conclusion of the talks, which they did.

The foreign ministry of China confirmed the existence of an offer. According to U.S. officials, the $50 million grant included heavy fuel oil and the promise of a glass factory.

📚 Sources & References

Asian Security Handbook: Terrorism and the New Security Environment
N. Korea's Kim Reportedly in China for Talks
Behind Kim's ‘secret’ trip to China
外交部答中国援助朝鲜$5000万、日本人被刑拘
UPDATE:US Team Visits Disputed N Korean Nuclear Facility Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.