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North, South Korea pledge peace, prosperity
Real estate news By Malaysia Star
October 4, 2007 MYT 3:00:23 PM
The leaders of North and South Korea pledged on Thursday to seek talks with China and the United States to formally end the 1950-1953 Korean War and resume freight train services severed during the war. Following are some of the points agreed between South Korean President Roh Moo-hyun and North Korean leader Kim Jong-il at the end of only the second summit between the divided Koreas.
The two leaders pledged to seek summit talks somewhere near the Korean peninsula with China and the United States to formally declare the Korean War over. The armistice that suspended the war was signed by China, the North and U.S.-led United Nations forces, but not by South Korea.
The North and South will establish a special district in the North Korean west-coast port city of Haeju and set up a regular maritime transport service with the South and a joint fishing ground. The two sides will step up expansion of the Kaesong industrial park just north of the heavily armed border where 44 South Korean firms are in operation now using cheap North Korean labour and real estate.
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