North Korea is demanding a compensation of five-point-seven-billion dollars, claiming that it has sustained losses from South Korea's termination of building light water reactors in North Korea.

This comes as Korean Peninsula Energy Development Organization (KEDO) has been demanding compensation from North Korea for the termination of the light water reactor project.

A government official said North Korea has recently sent a letter to KEDO demanding the compensation.

The official said, however, the light water reactor project had been stopped due to North Korea’s violation of the agreement. The official also added that the North’s demands are not worth consideration.

The project followed the 1994 Geneva Agreed Framework between the U.S. and North Korea. It concerned the building of two one-million kilowatt light water reactors in Sinpo, North Korea in exchange for the North's cessation of its nuclear ambition. However, the project was officially terminated in 2006 amid North Korea's uranium enrichment and nuclear weapons programs. KEDO has since demanded the North to pay for the losses KEDO sustained.