The South Korean government is proposing a policy to North Korea dubbed "non-nuclear and open door policy 3000."
According to a policy reference book published recently by Seoul's Unification Ministry, it plans to engage in high-level talks to advance inter-Korean economic ties if Pyongyang disables its nuclear facilities verifiably.
If the nuclear abandonment process goes smoothly, South Korea will move on to the second phase of its proposal, which would include major development projects to upgrade the North's economy, education, finances, infrastructure and living conditions.
The ministry said among the projects, Seoul will start with what can be implemented quickly, such as the improvement of education and living conditions.
In the third and final step, Seoul plans to implement the projects in earnest, while starting an international cooperation fund worth 40-billion dollars for Pyongyang.
However, the effectiveness of the initiative is expected to remain controversial, as North Korea continues to refuse the policy, calling it an "anti-reunification declaration" and a "declaration of war."