President Kim Advises Against Overheated Competition in North Korean Market

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President Kim Advises Against Overheated Competition in North Korean Market

President Kim Dae-jung speaking on August 23 about the flood of South Korean companies interested in entering the North Korean market stated that "overheated competition between South Korean companies entering North Korea will not benefit any party, therefore, an advisory council must be formed jointly by the private sector and the government in order to coordinate business in North Korea."

President Kim emphasized during a speech at the National Economic Advisory Council that "humanitarian aid such as fertilizer should be continued. However, South-North economic cooperation should not be hurried or carried out by bestowing favors."







by Kim Jin-kook

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