Working-level officials of South and North Korea have met in a third day of economic talks. The two sides are currently working on a draft agreement to be issued at the end of the talks on Friday.

Officials say that after three days of talks, both sides are still wide apart on a number of joint economic projects. Among them are re-connection of cross-border transportation links and construction of the first phase of a joint industrial complex in the North's border city of Gaesong.

Also on the agenda are South Korea's proposal for joint efforts to prevent flooding at the Imjin river that flows through the border from north to south, and North Korea's request for provision of electricity.

The North Korean delegation arrived in Seoul Tuesday for four days of talks, the eighth since the inter-Korean summit in June, 2000.