Posted on 06/17/2018 12:32:54 PM PDT by caww
The bulk of South Korean trading companies want to take part in North Korean development projects, with many showing an interest in construction, a local poll revealed Sunday.
According to a survey carried out by the Korea International Trade Association (KITA) on 1,176 companies, 80 percent said they wished to take part in North Korean ventures once international sanctions are lifted.
Expectations are running high that the successful summit between U.S. President Donald Trump and North Korean leader Kim Jong-un last week will lead to Pyongyang's complete denuclearization and the lifting of various restrictions that have blocked all exchange with the reclusive nation.
KITA said that 36.1 percent of the companies polled said they would seek new business opportunities through trade and that 25.1 percent said they wanted to take advantage of low wages in the North. Some 12.5 percent were interested in future social overhead capital projects in the North, while 11.7 percent wanted to use the country to make headway into neighboring China and the Russian Far East.
By industry, 35.1 percent of local companies viewed infrastructure development as the most promising area, followed by 17.3 percent for electronics, 15.3 percent for tourism and 13.5 percent for textiles and clothing.
(Excerpt) Read more at english.yonhapnews.co.kr ...
It’s US/Mexico in reverse. There is a WORKING border wall in place(mines). In this instance its the 1st would country going into the $hithole. That’s ok too. Who pays for the construction projects? Stay out of the South but keep the money coming in.
Keeping an eye on Samsung, LG...
Very interesting.
Tremendous opportunity, and risk, for Chairman Kim.
Tremendous risk in attempting to maintain the status quo.
President Trump is pushing the right buttons, and making the right recommendations.
Lots waiting .... but we all know N.Korea has a lot of ground work to do before things actually open up. The idea there are company leaders waiting on the sidelines should encourage Kim to stay on course. Kim has a tremendous balancing act on his hands but no doubt Trump and his people are on hand to assist wading through all there is to prepare.
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