“Subsidized empty freight trains” or “How not to pursue economic development”

After a 56 year hiatus, regular freight rail service between the two Koreas resumed on December 11, 2007.  According to reports at the time: The new service is expected to slash the cost of transporting products to and from the [Kaesong Industrial Zone], just north of the border, considered a major achievement of Seoul’s “sunshine” policy … Continue reading “Subsidized empty freight trains” or “How not to pursue economic development”