US says North Korea talks moving 'in right direction'
US says North Korea talks moving 'in right direction'
Korean Leaders to Meet Next Month in Pyongyang
16 August, 2018, 12:02
"The reconnection of railroads and roads is the beginning of mutual prosperity on the Korean Peninsula", Moon said.
While he did not offer specifics on the proposed plan, it was likely that he had in mind the Kaesong Industrial Complex's business model, which would bring together South Korean capital and North Korea's cheap labor.
South Korea are reigning women's basketball champions but have agreed to field a joint team with the North this time as part of efforts to promote peace, something Sports Minister Do Jong-whan told them they should be proud of.
"Peace and prosperity of the Korean Peninsula depends on what we do".
He estimated cross-border economic cooperation could be worth at least 170 trillion won (S$207 billion) over the next 30 years, citing a study by a state-run think tank.
Lim Jeong-hyeon, a resident of Uiwang City in Gyeonggi Province, said she knows unification is "obviously the right thing to do", but the costs of unification would fall upon members of South Korea's younger generation. Last week national security adviser John Bolton accused North Korea of not taking the steps the Trump administration feels are necessary to denuclearize. He added that the North must take strong actions toward denuclearization.
However, the proposition is complicated by global sanctions meant to punish the North for its nuclear programme.
A common joke among young South Koreans has been the most tangible outcome of better relations would be the ability to take a train all the way to Europe. The telegram is quoted by the North's state media.
The two Koreas announced earlier this week that Moon and Kim will meet in Pyongyang sometime next month.
North Korean leader Kim Jong Un vowed to work toward denuclearisation at a landmark summit in Singapore with US President Donald Trump in June, but the two countries have since struggled to agree on how to reach that goal.
However subsequent bilateral talks to implement the denuclearization agreement have floundered over Washington's insistence that Pyongyang completely dismantle its nuclear and missile arsenals before any economic concessions are granted.
According to a KBS survey of more than 1,000 respondents in August, fewer South Koreans expressed hostility toward the North Korean government, and some even said they felt positive toward Pyongyang.
"Developments in inter-Korean relations are not the byproducts of progress in the relationship between the North and the United States".
South and North Koreas technically remain at war as the 1950-53 Korean War ended with an armistice, not a peace treaty.
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