The Hankyoreh News

According to a Nov. 17 report from The Hankyoreh, in the face of the global financial crisis and the downdraft on China’s economy following the Beijing Olympics, South Korea’s top three companies in the fields of semiconductors, liquid crystal display, automobiles, shipbuilding and chemicals are predicting falling or flagging sales for the coming year. Already in October, sales at some of the companies had declined and sales growth was expected to slow significantly in the fourth-quarter of the year. (Source: The Hankyoreh)

Daewoo Shipbuilding & Marine Engineering (DSME), said that it wants to produce ship blocks in North Korea if all conditions are met. Mentioning a development plan for the North’s Najin Port, which is located close to the North Korea-Russia border and designated as a special economic zone for international enterprises, Cha said there has been no agreement between the North and China on the issue, saying that it would be a great opportunity to develop the port in cooperation with the South. Members of the South Korea economic delegation visiting Pyongyang met with their North Korean counterparts and discussed ways to boost inter-Korean economic cooperation in light industries, railroads, roads, glass, and automobiles, sources said. Source: The Hankyoreh