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Koreas continue talks on cooperation in light industry sector.
SEOUL, July 6 (Yonhap) -- South and North Korea on Friday continued working-level talks on ways to cooperate in light industry and natural resource exploration. The two-day talks held in the North Korean border city of Kaesong came as North Korea moves to take initial steps to shut down its main nuclear facilities. "At the end of the meeting, the two sides will reach a compromise on prices on a list of items. I think price differences will be overcome during the meeting," a Unification Ministry official said, asking to remain anonymous. In April, South Korea reconfirmed the agreement to supply industrial materials worth US$80 million to the North starting in June to help revive its sagging light industry in return for the right to develop natural resources in the North. In the deal, North Korea was supposed to allow South Korean experts to conduct an on-site survey of three zinc and magnesite deposits in its mountainous northeastern region for 12 days beginning on June 25. ...
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Source: HighBeam Research, Koreas continue talks on cooperation in light industry sector.