Hyundai Secures Site in North KoreaDeal for Kaesong Park May Help Firm's Image and Peninsula Relations

From: International Herald Tribune | Date: August 11, 2000| Author: Don Kirk | Copyright information


International Herald Tribune

08-11-2000

The troubled Hyundai Group of South Korea forged an agreement with Pyongyang on Thursday that could help pry open the barrier to trade and tourism between the two Koreas that has been largely unbreached since the Korean War. Hyundai said that it signed an agreement with the North to build an industrial park at the city of Kaesong, within eyesight of the Korean War truce village of Panmunjom, 50 kilometers (30 miles) north of Seoul...

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