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#1 30-12-2018 06:47:32

Date d'inscription: 10-07-2017
Messages: 324


by Yoo Seungki

SEOUL Cheap Men's Nike React Element 87 Anthracite Black White , Nov. 13 (Xinhua) -- South Korean President Park Geun-hye and her Russian counterpart Vladimir Putin on Wednesday shared views on the idea of more unified Eurasia via logistics cooperation, paving the way for South Korean companies to expand investment into the Democratic People's Republic of Korea (DPRK) in an indirect way.

Putin arrived in Seoul earlier Wednesday to hold his second summit talks with Park. The two leaders met on the sidelines of the Group of 20 summit meeting in September in Russia's second- largest city of Saint Petersburg.

During the summit, Park and Putin witnessed the signing of the memorandum of understanding (MOU) to allow three South Korean firms, including steelmaker POSCO Cheap Men's Nike Metcon 4 Black , shipper Hyundai Merchant Marine and state-run Korea Railroad Corp., to take part in the projects of Rajin-Khasan rail track management and Rajin port development.

The three companies will decide on their participation after conducting a due diligence in the first half of 2014, the presidential office Cheong Wa Dae said in a statement.

The 54-km Rajin-Khasan railway, which links the DPRK's northeastern port city of Rajin to its nearby Russian town Khasan Cheap Men's Nike Metcon DSX Flyknit 2 Black , was reopened in September after completing renovations.

It re-connected the port to Russia's Trans Siberian Railway ( TSR), opening the door for South Korean exporters to transport goods first by sea and move them by railway to as far as Europe.

In 2000, Putin and late DPRK leader Kim Jong-il agreed on the Rajin-Khasan development project to link Korea's Trans-Korean Railway (TKR) and Russia's TSR. A joint venture RasonKonTrans was set up in October 2008 for the 340 million-U.S. dollar project.

The state-owned Russian Railways held a 70-percent stake in the joint venture, with the remaining stake held by Pyongyang. The three South Korean companies will be allowed to invest into the Russian stake.

Joining the project by the three South Korean firms would pave the way for expansion in Seoul's investment into Pyongyang Cheap Women's Nike M2K Tekno Pink Black , which has been actually banned by the so-called May 24 sanctions.

South Korea imposed the sanctions against the DPRK since 2010 when the country's Navy corvette Cheonan sank in waters near a western maritime border in what a Seoul-led multinational investigation team said was a torpedo attack by the DPRK. Pyongyang has repeated denied its involvement in the incident.

Seoul's Unification Ministry spokeswoman Park Soo-jin told a routine press briefing that the government's stance on the May 24 measures has not changed yet, but she noted that a joint venture between South Korean firms and foreign companies will not be subject to the sanctions.

The Cheong Wa Dae said that if the Seoul's participation in the Russia-DPRK project succeeds, it can expand into other similar business projects between Seoul, Pyongyang and Moscow Cheap Women's Nike M2K Tekno White , while fueling the DPRK's openness.

The successful participation will also bolster both the " Eurasia Initiative" put forward by Park and the Far Eastern region development project initiated by Putin.

According to the joint statement unveiled following the summit, Park said that Seoul was laying great importance on Moscow in its push for the policy to strengthen Eurasian cooperation. In response, Putin said that Russia was stressing cooperation with South Korea in its development of the Far East and Siberian region and its economic modernization.

Park has proposed the Eurasia Initiative, an economic project to boost logistics and energy cooperation among Eurasian nations by linking roads and railways from South Korea to Europe through the DPRK Cheap Nike Air Vortex Grand Men's Purple Black , China and Russia.

Eurasia is a combined continental landmass of Europe and Asia, running from the two Koreas on the Far Eastern area to China, Russia, Central Asia and Europe. The region accounts for around one third of the Earth's total land Cheap Nike Epic React Flyknit Men's Olive Black Green , where more than 70 percent of the world's population is living.

Putin said in an interview with Seoul's public broadcaster KBS ahead of his visit to Seoul that Park's initiative "is fully in line with specific Russian proposals," describing the initiative as remarkable. "One of the initiatives is to link the Trans-Korean and Trans-Siberian Railways to ensure quick, reliable, safe and rather low-cost transportation of goods between Asia and Europe Cheap Nike Air Maestro II Men's Trifecta Red White ," said Putin.


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