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UM: NK-China Visit to Gaeseong Not Significant

Written: 2010-05-11 16:39:17Updated: 2010-05-11 17:45:45

UM: NK-China Visit to Gaeseong Not Significant

South Korea’s Unification Ministry says it does not give much weight to a North Korean investment group’s reported visit to the Gaeseong Industrial Complex in North Korea with a group of Chinese investors.

A ministry official told reporters Tuesday morning that Seoul does not consider the Taepung International Investment Group a company officially representing the North Korean government and thus is not overly concerned about the visits.

The official added that recently the North has often been taking Chinese investors on tours of Gaeseong.

Taepung President Pak Chol-su and businesspeople from China and Hong Kong reportedly visited the complex on May first and toured two companies operating there.

The Taepung Group --- North Korea's main channel for attracting foreign investment --- was launched last year by Pyongyang to bring in foreign investment.

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