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Presidential consultative body to hold discussion on inter-Korean economic cooperation

North Korea 14:17 February 18, 2019

SEOUL, Feb. 18 (Yonhap) -- A South Korean presidential consultative body said Monday that it will hold a meeting of experts this week to discuss ways to foster inter-Korean economic cooperation, which could expand after next week's summit between the U.S. and the North.

The meeting, set for Tuesday in Seoul, will bring together North Korea experts, business leaders, officials of civic groups and lawmakers interested in cross-border economic cooperation, according to the National Unification Advisory Council.

Their discussion is likely to focus on possible resumption of the shuttered industrial complex in the North's border town of Kaesong and of the tour program to Mount Kumgang on the North's east coast.

The Kaesong park and the tour program were suspended in 2016 and 2008, respectively, amid strained cross-border relations.

Full-fledged economic cooperation between the two Koreas is currently constrained by multilayered global sanctions imposed on the North.

Cautious expectations are growing for the resumption of the two suspended economic cooperation projects, bolstered by a thaw in inter-Korean relations and hopes for a breakthrough in the upcoming summit between U.S. President Donald Trump and North Korean leader Kim Jong-un, to be held in Vietnam's Hanoi on Feb. 27-28.


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