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South Korea firms to visit North Korea for Russia link project

Published on Feb 10, 2014 2:51 PM

SEOUL (AFP) - A group of South Korean businessmen will visit North Korea from Tuesday to consider taking part in an ambitious infrastructure project to open a new trading route with Russia.

Seoul's Unification Ministry said on Monday that 18 officials from state-run Korea Railway Corp. (Korail), top steelmaker Posco and Hyundai Merchant Marine would make the three-day visit to the North's north-eastern port of Rajin.

Rajin, newly linked with the Russian city of Khasan by railway, is at the centre of a joint venture with Russia, in which the port will be upgraded and serve as a gateway for Russian cargo trade.

Located in the far north-east, where the borders of the North, Russia and China converge, Rajin offers a warm-water port for the North's two giant neighbours.

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