Putin ready to meet North Korea's Kim at 'early date': KCNA

H01 koreas

H01 koreas

Moon went on to say that the railroad community will lead to greater cooperation among the concerned nations, comparing it to the European Coal and Steel Community that laid the foundation for the European Union. No specific date has been set.

Kim Jong-un and Moon Jae-in first met in April in the demilitarized zone, and then held a more informal summit in late May. "The reconnection of railroads and roads is the beginning of mutual prosperity on the Korean Peninsula".

According to the KIEP, the economic effect of the two Koreas' cooperation could reach 170 trillion won ($150 billion) over a period of 30 years.

Putin also said the relations between the two states keep developing in a "friendly and constructive manner". Last week national security adviser John Bolton accused North Korea of not taking the steps the Trump administration feels are necessary to denuclearize.

Moon is ready to provide economic incentives, should North Korea agree to a timetable for denuclearization and discloses information on its nuclear arsenal to Pompeo, according to Money Today.

But without progress in the North's denuclearization, there isn't much Seoul can do on its own to take inter-Korean relations to the next level. The U.S. insists that North Korea completely disarm its nuclear and missile weapons before it receives any economic concessions.

With that in mind, Moon said only when "complete denuclearization" and "peace" are established on the Korean Peninsula, "economic cooperation can be carried in earnest".

Tencent's shares down as China declines new game
Shares of Naspers Ltd., the biggest investor in Tencent and considered a proxy for the stock, fell 10 per cent in Johannesburg. Those steps include "deepening engagement" with its existing major titles and "monetising" popular tactical tournament games.

"Even though a political unification may be a long way from here, establishing peace between the South and the North and freely visiting each other, and forming a joint economic community is true liberation to us", he said in a televised address.

However, Moon also said economic cooperation with North Korea is linked to that country's denuclearization.

"I believe in the importance of recognizing ourselves as the main actors when it comes to dealing with Korean peninsula-related issues", said President Moon.

South Korea is preparing for a third summit with North Korea next month as the two countries seek to move forward with denuclearization talks.

The South Korean leader also voiced support for a peace declaration to formally end the Korean War, to replace the armistice in place since 1953 that suspended hostilities. He added that the North must take strong actions toward denuclearization.

President Moon made the declaration Wednesday during a ceremony in Seoul marking the 73rd anniversary of the liberation of the Korean peninsula from Japanese colonial rule.

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