Financial Times FT.com

S Korean port eyes investment in North

By Anna Fifield in Busan, South Korea

Published: October 9 2007 22:08 | Last updated: October 9 2007 22:08

Busan Port Authority, South Korea’s biggest shipping terminal, is looking to invest in the North Korean port of Rajin amid hopes that last week’s historic Korean summit would help the group boost its efforts to become Asia’s largest trans-shipping base.

“There is currently no direct channel between North and South, but now we are positively reviewing investing in North Korea,” Lee Gap-sook, Busan Port Authority president, told the Financial Times. “We have great interest in shipping containers through Rajin.”

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this