5 Things to Know About the New Agreement Between North and South Korea

By Leonardo Blair, Senior Reporter FacebookTwitter

4. Economic Cooperation

Employees walk past a building of Samsung Electronics in Seoul, South Korea, November 8, 2016.
Employees walk past a building of Samsung Electronics in Seoul, South Korea, November 8, 2016. | (Photo: REUTERS/Kim Hong-Ji)

The two leaders agreed to implement economic cooperation projects that had been previously negotiated upon on Oct. 4, 2007, "to promote balanced economic growth and co-prosperity of the nation."

One of the first steps toward economic cooperation was to adopt practical steps toward the connection and modernization of the railways and roads on the eastern transportation corridor as well as between Seoul and Sinuiju for their utilization.

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