January 25, 2011 11:40
South Korean companies doing business with North Korea will have to go through a registration process starting in the first half of this year.
Currently, as long as the product category is approved, any company can do business with the North, but under the new program, all South Korean companies must be officially registered with the Unification Ministry before they can trade with the North.
The ministry aims to revise the law in the first half of this year to ensure that the registration program works effectively.
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