South Korea businessmen going to North Korea for railway project

South Korea's businessmen go to North Korea for the railway project: South Korea's Unification Ministry said in the framework of the North Korean railway connecting Russia to the Trans-Sibir Railway, North Korea's logistics feasibility study in Rajin, the border city with Russia 38 personality for the South Korean group to go to North Korea said.

North Korea, 38 personality group, as well as some government agencies, as well as South Korea's State Railroad Operator (KORAIL), steelmaker POSCO and shipbuilding Hyundai Merchant Marine companies were reported to participate.

The construction of the 54 kilometer section in the Russian part of the road that will connect the North Korean railways to the Trans-Sibir line of Russia is now known to be completed. Thirty percent of the project's shares belong to North Korea and the rest is Russia.

South Korea's official group will meet in North Korea with representatives from Russia and will propose proposals for buying 50 percent of their shares in Russia.

It is known that the project is linked to the 'Eurasia Iniative', which is proposed by South Korea State President Park Geun-hye and is expected to have a positive impact on the free trade of Eurasian countries.

 

Armin

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