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FKI to seek co-investment into NK with Taiwan

Posted August. 11, 2000 20:36,   


The Federation of Korean Industries (FKI) is aiming to foster civilian-level economic cooperation between Korea and Taiwan and promote co-investment into North Korea. Meeting with 12 Taiwanese congressmen at the FKI building on August 11, executive chairman Kim Kak-Choong and executive vice chairman Sohn Byung-Doo of the KFI asserted that business circles of Korea and Taiwan should seek ways to co-invest in North Korea based on experience from economic exchanges between the two to reduce investment risk. They further asserted that the both nations could participate in the development of Northeast Asian areas such as Siberia and Manchuria in the long run. Chairman Kim requested Taiwanese congressmen to support North Korea in its advancement into international financing organizations. The FKI had sent delegates to Taiwan July 24 for the economic cooperation committee and agreed to host the committee sometime around November 7.