Here is the Lee Myung-bak administration’s response to the recent Kim Jong-un speech claiming he wants to end confrontation with the South:
North Korea sank the Navy corvette Cheonan and shelled Yeonpyeong Island in 2010 in protest against Seoul’s refusal to provide economic aid, a senior Cheong Wa Dae official here claimed Wednesday.
The official told reporters the Lee Myung-bak administration attempted several times to arrange a summit with North Korean leader Kim Jong-il but was unwilling to pay the price the North demanded. Incensed, the North then sank the ship and shelled the island.
The claims from the outgoing administration came a day after North Korean leader Kim Jong-un struck an unusually conciliatory note in his New Year’s address and are being read as a warning for the incoming government not to be taken in by his rhetoric. [Chosun Ilbo]
You can read the rest at the link, but the price the North wanted for a summit was $500-$600 million in aid.