Seoul, Oct 6 (Prensa Latina) Both Koreas will talk about development of oil resources in the north of this peninsula during their planned conversations on economic cooperation, reported an official source on Saturday.
According to Yonhap agency the South Korean Finance Minister Kwon O-Kyu said that the issue was tackled during the recent summit between the two countries’ political leaders.
The leader of the Democratic Popular Republic of Korea (DPRK) Kim Jong Il and the South Korean President Roh Moo-hyu spoke about prospect for deposits and development of oilfields.
The issue could continue at the Joint Committee for Inter Korean Economic Cooperation, a bilateral entity of higher level than the current Committee for the Promotion of Economic Cooperation.
Kwon also reported that both countries will improve the freeway that joins Kaesong’s industrial city with the capital of DPRK and the railroad track up to the northwestern border with China.