South Korean companies poised to invest in the North if sanctions relax

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Hyundai has set up a working group to explore how it can invest in North Korea should the country start opening up

South Korean companies are exploring ways to invest in North Korea should the country relinquish is nuclear weapons, as Washington signals US firms may also fund projects in the future.

Washington’s top diplomat, Mike Pompeo, said on Sunday private companies may be allowed to invest in North Korea’s power grid and agricultural sectors if the country abandons its nuclear weapons program. But he specified the US government would not be pouring money into the North.

Related: Mike Pompeo offers aid to North Korea in exchange for forfeiting nukes

Related: North Korea releases three US citizens in run-up to Trump summit

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Source: north-korea
Link : South Korean companies poised to invest in the North if sanctions relax

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