Korea has taken the first step toward connecting its railways to the Eurasian continent. The Korea Railroad Corporation on Sunday said it became an associate member of the Organization for Cooperation Between Railways (OSJD) in Warsaw, Poland.
In order to connect Korean railways from Busan to Europe, it is essential for KORAIL to register to the OSJD, which makes the rules on the Eurasian continent and overseas treaties amongst member states.
This makes a more realistic prospect of a planned "Silk Road" railway connecting the Korean Peninsula to Europe that lies at the core of President Park Geun-hye's "Eurasia Initiative."
The initiative, which was announced in October last year, aims to strengthen Eurasian economic cooperation and prompt an opening of North Korea to lay the groundwork for reunification with the South.
The OSJD invited KORAIL to a meeting of the heads of member states' railways in Pyongyang next month.