Pres. Kim Meets Mr. Chung

On November 2, President Kim Dae Jung said, 'The result of Hyundai's achievement should not be exaggerated in the press. Relations between the North and South should progress step by step.' He met Chung Ju Yung, the founder and honorary chairman of Hyundai, Chung Mong Hon, the chairman of Hyundai, and Lee Ik Chie, the chairman of Hyundai Securities.
Kim continued, 'Certain companies have revealed their plans for economic cooperation with the North but the results have not been enough. But, I expect Hyundai to succeed in their ongoing projects including Mt. Kumgang tourism and to contribute to the improvement of North and South relations.' He added, 'The most important project we feel is the construction of an industrial complex in North Korea.'
Chung said, 'Kim Jong Il, the head of the Defense Committee, expressed his positive attitude towards Mt. Kumgang development and felt sorry for the delays of this project.' He also reported that he discussed with Kim Yong Sun, the head of the Asia Pacific Peace Committee regarding details for economic cooperation including Mt. Kumgang development, automobile assembly line construction, and a Pyongyang sports center.
North Korea also wanted five diesel electric power generators to compensate for their chronic electricity shortage. Park Ji Won, a Chung Wa Dae spokesman said, 'No message came from North Korea and President Kim did not ask about it.'