http://www.nkeconwatch.com/2007/10/02/nk-projects-chance-or-risk-for-businesses/ News and analysis of the North Korean economy Sat, 20 Mar 2010 12:22:42 +0000 http://wordpress.org/?v=2.3.2 http://www.nkeconwatch.com/2007/10/02/nk-projects-chance-or-risk-for-businesses/#comment-22238 Left Flank » As Always, Optimistic and Skeptical about the Koreas Thu, 04 Oct 2007 12:07:41 +0000 http://www.nkeconwatch.com/2007/10/02/nk-projects-chance-or-risk-for-businesses/#comment-22238 [...] In Pyongyang, not even ROK President Roh Moo-hyun can get respect (and, who’s really complaining?). During the course of the media bomb, I was concerned about the inordinate attention on economic issues. Seeing Chung Mong-koo in Pyongyang on South Korean TV made me wonder if the entire reason the ROK Supreme Court exonerated him was, so he could grab his share of loot from the North Koreans. Among the top three business topics expected for discussion - natural resource developments, roadway and railway distribution system expansions and dockyard construction - Hyundai-Kia Automotive Group is said to be interested in building railroad cars through its shipping affiliate Glovis, and also measure the feasibility of SOC businesses, while POSCO showed interest in forestation. Although company officials said forestation is just a possibility, as the steel maker has shown its interest in securing carbon credit overseas, industry insiders say the opportunity will be advantageous for POSCO if cooperation comes through. And as speculations rose that SK Group may be considering communication and energy projects in the North, company officials said plans are open for review if the right offer is made. LG and Samsung, which are said to be mulling over their specialty areas of electronics, seem to be in the same scouting stages as others. [...] […] In Pyongyang, not even ROK President Roh Moo-hyun can get respect (and, who’s really complaining?). During the course of the media bomb, I was concerned about the inordinate attention on economic issues. Seeing Chung Mong-koo in Pyongyang on South Korean TV made me wonder if the entire reason the ROK Supreme Court exonerated him was, so he could grab his share of loot from the North Koreans. Among the top three business topics expected for discussion - natural resource developments, roadway and railway distribution system expansions and dockyard construction - Hyundai-Kia Automotive Group is said to be interested in building railroad cars through its shipping affiliate Glovis, and also measure the feasibility of SOC businesses, while POSCO showed interest in forestation. Although company officials said forestation is just a possibility, as the steel maker has shown its interest in securing carbon credit overseas, industry insiders say the opportunity will be advantageous for POSCO if cooperation comes through. And as speculations rose that SK Group may be considering communication and energy projects in the North, company officials said plans are open for review if the right offer is made. LG and Samsung, which are said to be mulling over their specialty areas of electronics, seem to be in the same scouting stages as others. […]

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