SEOUL March 5 Kyodo North and sou...

SEOUL March 5 Kyodo

North and southward Korea agreed Friday to dignify efforts for the unfolding of an industrial complex in the North Korean city Kaesong.

According to a seven-point statement after working-level talks aimed at boosting bilateral economic cooperation that conclusioned on Friday, the sides agreed forward South Korean firms beginning production in a original area encompassing about 10,000 pyong (33000 square meters) in Kaesong, just north of the armistice village Panmunjom, after site completion within the first half of this year.

toward the south and North Korea will also work to build infrastructure for an area 100 times that size in the city where the brace sides had already agreed to unfold an industrial complex.

The establishment of the Kaesong Industrial tangled skein is a major byproduct of the 2002 inter-Korean summit between then southern Korean President Kim Dae Jung and North Korean leader Kim Jong Il.

Also agreed forward the industrial complex in Kaesong is establishing an office in the web within the first half of this year to excite private-level business cooperation between the sum of two units Koreas.

The sides also agreed in succession details on reconnecting cross-border railways and adjacent roads, the revitalization of a tourism frame in the North's Mt Kumgang and a joint inundate prevention system for the Imjin River, which scuds through the Demilitarized Zone that separates the brace Koreas.

The five-member North Korean team to the three-day eighth South-North Economic Cooperation Promotion Committee meeting at a Seoul inn was headed by Choe Yong Gon vice minister of Construction and Building Materials Industries.

The five-member southerly Korean delegation was led by dint of Vice Finance Minister Kim Gwang Lim.

The nearest round of economic talks is station for June 2-5 in Pyongyang.

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