Russian minister optimistic with prospects for economic cooperation with DPRK, South Korea

Russian minister optimistic with prospects for economic cooperation with DPRK, South Korea SEOUL, November 28. /TASS/. Russian Minister for the Far East Development Alexander Galushko on Friday expressed optimism with prospects for economic cooperation with the Democratic People’s Republic of Korea and South Korea. The Rajin-Hassan logistics project under which Russian coal is supplied from the North Korean port of Rajin to South Korea’s Pohang will become the first step towards expanding tripartite cooperation, Galushko said at a meeting with South Korean Minister Unification Minister Ryoo Kihl-jae. Under the project, South Korea’s steel-making company, POSCO, is expected to import coal, which will be delivered to the Rajin port by railways and then to South Korea by sea. Two other South Korean partners, Hyundai Merchant Marine and Korea Railroad, take part in the project. Read more