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Two Koreas’ Builders to Cooperate in O'seas Market

Written: 2007-12-11 16:32:22Updated: 0000-00-00 00:00:00

A South Korean builder will cooperate with North Korea on overseas construction projects.

Namkwang Engineering and Construction said it signed a memorandum of understanding with the Gaesong-based “516 Construction Company," with a view to win more overseas orders.

The 50-year old North Korean builder is the only construction firm in Gaesong, which specializes in apartments.

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