IN MID-2007 THE news out of Pyongyang seems hopeful. The Banco Delta Asia dispute has been resolved. The accounts have been "unfrozen" and the funds have been released to North Korea. The United States' Assistant Secretary of State for East Asia and Pacific Affairs Chris Hill made his first trip to Pyongyang in late June. The U.S. diplomat said he had had "good" discussions, and North Korea announced that it was prepared to close down the Yong-byon nuclear facility, re-engage with the International Atomic Energy Agency, and resume participation in the Six Party Talks in Beijing later this summer.
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