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Koreas to Discuss Light Industry Cooperation

Written: 2007-05-02 09:39:46Updated: 0000-00-00 00:00:00

Koreas to Discuss Light Industry Cooperation

South and North Korean officials will begin working-level talks Wednesday on cooperation in light industries and underground resources.

The three-day meetings will be held at the inter-Korean cooperation office in the North’s border city of Gaesong.

The two sides will discuss the details of a previous agreement under which Seoul agreed to provide raw materials worth 80 million dollars to the North this year in return for permission to develop underground natural resources in the communist state.

The two sides will also discuss preparations for South Korean officials to inspect possible sites in North Korea for underground natural resources development next month.

At the 12th meeting of the Inter-Korean Economic Cooperation Promotion Committee in June of last year, South Korea agreed to send raw industrial materials to the North.

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