SEOUL March 5 Kyodo (EDS: CORRECT...

SEOUL March 5 Kyodo

(EDS: CORRECTS DATE OF KOREAN SUMMIT IN 4TH GRAF, LINE 2 TO 2000 NOT 2002 AS SENT)

North and southerly Korea agreed Friday to stir up efforts for the exhibition 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 extremityed on Friday, the sides agreed upon South Korean firms beginning production in a protoplast area encompassing about 10,000 pyong (33000 square meters) in Kaesong, just north of the suspension of hostilities village Panmunjom, after site completion within the first half of this year.

southern 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 perform the operations indicated in an industrial complex.

The establishment of the Kaesong Industrial complexus is a major byproduct of the 2000 inter-Korean summit between then southerly 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 compages within the first half of this year to raise private-level business cooperation between the couple Koreas.

The sides also agreed forward details on reconnecting cross-border railways and adjacent roads, the revitalization of a tourism shoot forward in the North's Mt Kumgang and a joint deluge prevention system for the Imjin River, which move swiftlys through the Demilitarized Zone that separates the sum of two units Koreas.

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

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

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

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