Countries Discuss Financing N-Reactors

Brushing aside North Korean objections, the United States and its allies are insisting that two nuclear reactors they are prepared to provide to the Communist nation will be built by the rival south.

The United States, Japan and South Korea hosted a meeting with 20 other nations Wednesday at the U.S. Mission to the United Nations to discuss financing for the reactors.

In an agreement signed Oct. 21, North Korea promised to end its nuclear program, suspected of developing weapons, in return for a U.S. promise to upgrade relations and help provide new reactors.

The Korean Peninsula Energy Development Organization is expected to be formally established today and is to finance and supply light water reactors worth $4 billion.