Beijing has signed an investment deal with Pyongyang on developing and using docks in the North Korean port city of Rajin for 50 years as well as constructing highways and railroads linking the city with China's Jilin Province.
| The SKors should promise (publicly) the Chinese that all deals involving Rajin will be honored after reunification. Just to watch KCNA explode ... |
According to Cho Bong-hyun, a North Korea analyst at the Seoul-based Industrial Bank of Korea, the deal is a follow-up to an agreement reached between Chinese President Hu Jintao and North Korean leader Kim Jong-il during Kim's visit to Beijing in August.
Cho added that the two sides are set to establish an office in Pyongyang to pursue the plan, and decide on specific dates and investment methods in the near future. |