Most S.Korean Businesses Would Expand to North

      August 11, 2015 11:37

      Nine out of 10 South Korean companies would be interested in doing business in North Korea after reunification.

      The Korea Chamber of Commerce and Industry on Monday said a survey on 500 companies here shows 30.8 percent very interested in doing business in the North, and 56.4 percent interested if the conditions are right. That makes a total of 87 percent.

      Left: A North Korean grabs a taxi in Pyongyang on Thursday.; Right: A double-decker bus is parked on a street in Pyongyang on Thursday.; These photos are provided by a photographer who accompanied ex-first lady Lee Hee-ho last week. /Newsis

      The most attractive parts of North Korea are Kaesong and the coastal city of Haeju near the South Korean border for 42 percent, followed by Pyongyang and Nampo (28 percent), Sinuiju and Hwanggumpyong Island near China (11.5 percent), the scenic resort of Mt. Kumgang (9.2 percent) and Rajin-Sonbong near Russia (5.3 percent).

      Among the industries in focus are mining (28 percent), infrastructure construction (22 percent), factory construction (22 percent), establishing of logistics networks with China (18 percent) and tapping into the North’s consumer market (eight percent).

      Jeon Su-bong at the KCCI said, "We need to boost North Korea's economic capacity through increased economic exchanges to lower the cost of reunification and grow closer to each other."

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