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South Korean minister sets eyes on ties with North Korean ports

Logistic News - Published on Fri, 18 Jan 2019

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Yonhap reported that South Korea's ocean minister on Wednesday expressed hope over seeking business opportunities at North Korean ports, claiming the ministry can carry out research in preparation for a time when sanctions against Pyongyang are lifted. Minister Kim Young-choon told reporters "It is economical to build a joint industrial complex near North Korea's port cities, such as Nampo and Haeju, other ministries also agreed to such a plan.”

The policymaker said while the potential plan needs to take stock of Pyongyang-Washington relations, along with international sanctions, Seoul should still start making efforts as such projects require long periods of preparations. He said "Once the sanctions by the United Nations are lifted, we plan to start negotiations with the North to allow South Korean fishing boats to operate in the North's waters. We are also contemplating the reopening of sea routes to Nampo and Haeju."

Along with Nampo and Haeju on the western coast, the minister also expressed hope over developing Wonsan in the east. He said "Wonan is crucial not only in terms of tourism but also for the fishery sector.”

The minister said there should be significant progress in the inter-Korean project once the anticipated talks between North Korea and the United States end successfully.

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Posted By : Joykumar Irom on Fri, 18 Jan 2019
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