eseoulpost
DomesticInterKorea Contacts
Economic cooperation with N. Korea to become new growth engine for S. Korea's economy
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.05.29  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

Resumption of economic cooperation with North Korea is expected to become a new growth driver for South Korea's financial sector and its many industries, Seoul's top financial regulator said Tuesday.

Financial Services Commission (FSC) Chairman Choi Jong-ku made the remarks during a conference hosted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency. The conference aims to debate the prospects of inter-Korean economic cooperation.

Hopes of inter-Korean cooperation have been raised after President Moon Jae-in and North Korean leader Kim Jong-un held two rounds of summit talks in recent weeks, with Kim pledging his commitment to denuclearization.

Diplomacy is also in full swing between the United States and North Korea for the planned June 12 summit in Singapore between President Donald Trump and the North Korean leader.

"There are expectations that inter-Korean economic cooperation could be resumed in the wake of the Panmunjom Declaration," Choi said, referring to a joint declaration after the first summit between Moon and Kim on April 27.

Citing reports from foreign investment banks, Choi said resuming inter-Korean economic cooperation would positively affect South Korea's stock market and the economy as a whole.

If Seoul and Pyongyang agree to resume economic cooperation projects in earnest, Choi said South Korea's economy would benefit to the tune of US$55 billion.

Two major inter-Korean economic cooperation projects -- tours to North Korea's Mount Kumgang and the joint industrial complex in the North's border city of Kaesong -- were suspended after Pyongyang's provocative actions over the years. (Yonhap News)

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
The 4th Seoul Story Fashion Show held at Han Riverside park on August 18
2
National Media Council, SONY organise photography workshop
3
African Gov’t, Civil Society Resolve All-out Cooperation and Participation for a Peaceful Africa
4
Taiwan President Tsai decorated in Belize
5
ICCA Congress 2018 to support Dubai eyesight charity
6
Charity Sharjah's sacrificial distribution programme to cover 55 countries
7
Dubai Tourism participates in environmental campaign
8
OIC Secretary-General appeals to Afghan parties to end hostilities, exercise restraint
9
Taiwan still pushing Japan on 'comfort women' issue: MOFA
10
Empowerment not a feverish race between men and women: Jawaher Al Qasimi
Photo News Green Biz
Etihad ESCO plans to reduce more than one million tonnes of carbon dioxide by 2030
Etihad ESCO plans to reduce more t...
min
Sharjah Municipality, MOCCAE discuss cooperation to protect environment
Sharjah Municipality, MOCCAE discu...
min
Earth Hour 2018: Lights out across UAE as Earth Hour is marked
Earth Hour 2018: Lights out across...
min
Suqia plays key role in enhancing UAE's global efforts to address water challenges
Suqia plays key role in enhancing ...
min
UAE Innovation Month: Innovative Initiatives by Sharjah Development Forum to Serve UAE’s Technical Sector
UAE Innovation Month: Innovative I...
min
Photo News Sports
UAE gearing up for Asia's biggest football tournament
UAE gearing up for Asia's biggest ...
MIN
Taiwan blasts China for blocking Taichung games
Taiwan blasts China for blocking T...
min
S. Korean table tennis player savors 'historic' title with N. Korean partner
S. Korean table tennis player savo...
min
S. Korean golfer Kim Sei-young sets LPGA scoring records to win Thornberry Creek Classic
S. Korean golfer Kim Sei-young set...
min
Italy to host 25th UAE President’s Cup World Series for Purebred Arabian Horses
Italy to host 25th UAE President’s...
min
(World Cup) S. Korean World Cup team returns to warm welcome after shock win vs. Germany
(World Cup) S. Korean World Cup te...
min
(World Cup) S. Korea stun Germany on way out of World Cup
(World Cup) S. Korea stun Germany ...
min
(World Cup) S. Korean president to attend match vs. Mexico, meet nat'l players
(World Cup) S. Korean president to...
min
Photo News World
UAE gearing up for Asia's biggest football tournament
UAE gearing up for Asia's biggest ...
MIN
Taiwan blasts China for blocking Taichung games
Taiwan blasts China for blocking T...
min
S. Korean table tennis player savors 'historic' title with N. Korean partner
S. Korean table tennis player savo...
min
S. Korean golfer Kim Sei-young sets LPGA scoring records to win Thornberry Creek Classic
S. Korean golfer Kim Sei-young set...
min
Italy to host 25th UAE President’s Cup World Series for Purebred Arabian Horses
Italy to host 25th UAE President’s...
min
(World Cup) S. Korean World Cup team returns to warm welcome after shock win vs. Germany
(World Cup) S. Korean World Cup te...
min
(World Cup) S. Korea stun Germany on way out of World Cup
(World Cup) S. Korea stun Germany ...
min
(World Cup) S. Korean president to attend match vs. Mexico, meet nat'l players
(World Cup) S. Korean president to...
min
Photo News Opinion
Budget spending growth to be accelerated next year: finance minister
Budget spending growth to be accel...
min
Moon says ending division of two Koreas will achieve 'true liberation'
Moon says ending division of two K...
min
S. Korea supplies electricity for liaison office in N. Korea's border city
S. Korea supplies electricity for ...
min
Koreas to have more consultations to determine date for Sept. summit: official
Koreas to have more consultations ...
min
Gov't bans operation of uninspected BMW vehicles
Gov't bans operation of uninspecte...
min
Moon-Kim summit logistics likely to be decided on at high-level talks Monday
Moon-Kim summit logistics likely t...
min
OECD warns S. Korea is facing some stiff challenges
OECD warns S. Korea is facing some...
min
N. Korean coal, pig iron illegally shipped to S. Korea: customs office
N. Korean coal, pig iron illegally...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com