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N. KOREA'S ECONOMIC RECONSTRUCTION "VITAL" FOR REGIONAL PEACE.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, March 1 Asia Pulse - The economic reconstruction of North Korea is a precondition for resolving the military tension on the Korean Peninsula, a U.S. researcher said Friday.

The comment came from Peter Haynes, executive director of the Nautilus Institute for Security and Sustainable Development, who is visiting Seoul to attend a two-day international conference marking the first anniversary of the Roh Moo-hyun administration.

Estimating the cost of continued high-level tension on the peninsula at about US$20 billion per year, Haynes said the tension is blocking many possibilities.

The possible areas for the North's commercial gains include the energy sector, in which the communist country shows clear indications of reform. One of the likely projects is the construction ...

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