|
|
Article: SOUTH KOREAN FIRM WINS FISHING RIGHT IN NORTH KOREA.
- Article from:
- AsiaPulse News
- Article date:
- October 20, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
POHANG, South Korea, Oct 20 Asia Pulse - A local trading company said Thursday that it has obtained a right from North Korean authorities to fish in waters off the communist country's east coast, becoming the first South Korean firm to do so.
"We signed a contract on the fishing right with the North's National Economic Cooperation Federation at a hotel at Mount Geumgang on Saturday," said Park Ye-duck, president of Taechang Co.
The company had already reported the contract with North Korea to South Korean authorities for approval, he said.
Taechang, which engages in trade with North Korea, is based in this port city 374 kilometers southeast of ...