Arab Today, arab today seoul firms survey north korearussia project cautious about joining
Last Updated : GMT 17:33:09
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Seoul firms survey North Korea-Russia project, cautious about joining

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Arab Today, arab today Seoul firms survey North Korea-Russia project, cautious about joining

Seoul - Yonhap

A South Korean consortium was cautious about joining a North Korea-Russia economic project, its officials said Thursday after their four-day onsite inspection last week. The consortium is comprised of three South Korean companies -- the state-run railroad operator Korea Railroad Corp. (KORAIL), the country's largest steelmaker POSCO and the No. 2 shipping company Hyundai Merchant Marine Co. They are potential participants in the so-called Rajin-Khasan logistics project, which would make the North Korean port city of Rajin a logistics hub by connecting it to Russia's Trans-Siberian Railway.

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