Inter-Korean joint venture textile company in Pyongyang
03
Nov '08
Nov '08
New textile company, a 50-50 joint venture between North and South Korea, was inaugurated recently in the city of Pyongyang, North Korea.
Reportedly, this US $30 million textile company will employ one-thousand North Korean workers.
The opening ceremony was attended by 257-member delegation including Representative Kim Kwang-lim of the ruling Grand National Party from the South Korea.
This is the first time a jointly run inter-Korean factory has been opened in the North Korean capital.
Experts believe that such ventures will improve not only trade but also social relations between the two sides.
Reportedly, this US $30 million textile company will employ one-thousand North Korean workers.
The opening ceremony was attended by 257-member delegation including Representative Kim Kwang-lim of the ruling Grand National Party from the South Korea.
This is the first time a jointly run inter-Korean factory has been opened in the North Korean capital.
Experts believe that such ventures will improve not only trade but also social relations between the two sides.
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