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Nicaragua’s Financial Woes Lead to Embassy Closure in South Korea

Daniel Kim Views  

Nicaragua shuts down embassy in South Korea after 10 Years
Financial difficulties were cited as the main reason
Numerous embassies also closed in Germany, U.S., and other locations

Yoon Suk Yeol, the president of South Korea, is seen in a commemorative photo after receiving the credentials from Jenny Ruth Arce Zepeda, the Nicaraguan ambassador to South Korea, at a ceremony held at the presidential office in Yongsan, Seoul, on October 17 last year. On the right is Park Jin, the then Minister of Foreign Affairs. Yonhap News

Nicaragua has once again closed its embassy in South Korea after a decade, in contrast to its agreement to establish mutual embassies with North Korea.

According to Yonhap News on the 25th, a diplomatic official said, “The Nicaraguan government recently informed us that they have decided to close the embassy in South Korea due to worsening financial conditions. It seems that the embassy will be closed soon.”

This isn’t the first time the embassy has been shut down. Nicaragua opened an embassy in 1995 and closed it two years later due to financial difficulties. The current embassy reopened in 2014, ten years ago.

Nicaragua has also withdrawn the appointment of its ambassador to South Korea. Zhenia Ruth Arce Zepeda, the Nicaraguan ambassador to South Korea, was appointed just six months ago and was serving in her role.

The Nicaraguan government announced through its official gazette that “the appointment of the ambassador to South Korea is withdrawn as of the 17th,” explaining that “it takes effect immediately upon publication in the official gazette.” The ambassador’s duties in South Korea are expected to be taken over by ambassadors stationed in neighboring countries such as Japan.

Nicaragua, a representative anti-American country in Central America, established diplomatic relations with South Korea in 1962. The relationship became estranged when the pro-North regime began in 1979 but normalized with the launch of a civilian government in 1990.

Recently, Nicaragua has shown signs of moving closer to North Korea. It was reported that they had agreed to establish mutual embassies with North Korea.

Meanwhile, Nicaragua has also closed its embassies in Germany and several U.S. and U.K. consulates.

Daniel Kim
content@viewusglobal.com

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