Seoul informs Moscow: No Cooperation in Rason

Seoul informs Moscow: No Cooperation in Rason

The Russian Railways (in a JV withthe DPRK Railways Ministry) had refurbished a pier in Rason and the rail line to Khasan, in Russia. Three pilot runs of coal to South Korea had taken place and a South Korean consortium comprising steelmaker POSCO, Hyundai Merchant Marine Company and Korail Corporation was looking for investment. By most accounts, it was looking likely that towards end of 2015 the South Korean government was planning to make an exception to allow some kind of investment into the project. (This would require an exemption from the May 24th Sanctions that have banned southern investment in the DPRK since 2010.)