Arab Today, arab today south korea mulls whether to ok trip to north korea by consortium
Last Updated : GMT 13:52:15
Arab Today, arab today
Arab Today, arab today

South Korea mulls whether to OK trip to North Korea by consortium

Arab Today, arab today

Arab Today, arab today South Korea mulls whether to OK trip to North Korea by consortium

North Korea
Seoul - Yonhap

South Korea said Wednesday it is considering whether to allow officials of a business consortium to travel to North Korea next week to inspect a project that involves the two Koreas and Russia.
Officials of the consortium comprising three South Korean companies are seeking to visit the North from July 15 through 22 to conduct a feasibility study on the so-called Rajin-Khasan logistics project.
The project is designed to make the North Korean northeastern port city of Rajin a logistics hub by linking it to Russia's Trans-Siberian railway.
The trip, if made, would represent the second round of on-site inspections for the project following a similar move in February.
"The government plans to take necessary actions including a possible approval of their visit to North Korea," unification ministry spokeswoman Park Su-jin told reporters.
Seoul has yet to give the permission to the consortium for the visit as it has not received a formal invitation from the North, according to the ministry.
Any trip to the North requires the approval of the South Korean government as well as the North's consent. The Koreas still technically remain in a state of war since the 1950-53 Korean War ended in a truce, not a peace treaty.
Last September, Russia reopened a 54-kilometer stretch of railroad track linking Khasan, a Russian eastern border city, and Rajin after a five-year renovation.
The three South Korean firms making up the consortium are the state-run railroad operator KORAIL, No. 1 steelmaker POSCO and the second-largest shipping company, Hyundai Merchant Marine Co.
The unification ministry earlier said that a formal deal between the consortium and its Russian counterpart for the project will be signed in the second half of the year.
The consortium joined the project by purchasing stakes in RasonKonTrans, a North Korea-Russia joint venture, due to sanctions banning inter-Korean trade that were introduced in May 2010, after the deadly sinking of a South Korean navy ship that was blamed on the North.
North Korea owns a 30 percent stake in the joint venture, with Russia holding the rest. The South Korean firms are considering buying 50 percent of Russia's stake.
The project is closely linked to the "Eurasian Initiative," proposed by South Korean President Park Geun-hye, which calls for building more infrastructure and freeing up trade between Eurasian nations to create what could become a large single market rivaling the European Union.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea mulls whether to ok trip to north korea by consortium Arab Today, arab today south korea mulls whether to ok trip to north korea by consortium

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday