SK Group denied reports that it is considering investing in North Korea.
SK spokeswoman Ahn Jung-eun told The Korea Times Tuesday that the potential
scenario was "groundless" and added that it did not make any sense, considering the
current tense relations between the two nations.
The denial came after it was announced that high-ranking officials from Dandong city in Liaoning Province were scheduled to meet key SK Group decision makers, including its chairman, Chey Tae-won and the CEO of SK Networks, Lee Chang-kyu, in Seoul sometime next week.
"Again, the visit by the Chinese aims to attract South Korean capital to the free trade zone. That does not mean SK Group will make any significant decision," she added. According to reports, SK is reviewing a possibility to invest in a new free trade zone in North Korea.
If SK pushes for the project, then SK would be the first South Korean company to
advance into North Korea among South Korea's top 10 conglomerates besides those in the joint industrial park in the border city of Kaesong.
Pyongyang has recently granted development rights in the form of 50-year leases to two Chinese companies to develop the islands bordering the Chinese city of Dandong, as free trade zones.
http://www.koreatimes.co.kr/www/news/include/print.asp?newsIdx=64517
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