Dhe Supreme People's Assembly of North Korea has voted to revoke all agreements promoting economic cooperation signed with South Korea. The North Korean state news agency KCNA reported this on Thursday. At the same time, the People's Assembly voted to abolish all laws regulating existing economic relations with Seoul.

South Korean President Yoon Suk-yeol called the shift in North Korea's inter-Korean policy “an extraordinary change” in a recorded television interview. It is difficult to understand what is behind it.

Yoon, who has taken a hard line on Pyongyang, said he was still willing to reach out to the North. Even a summit with Kim is possible if it would help North Korea's economy.

Isolated North Korea and democratic South Korea are officially still at war. After the end of the Korean War in 1953, an armistice agreement was sealed, but there is no peace treaty. The two countries are separated by a 248 kilometer long demilitarized zone.