Siniuju Open for Business Monday

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Last updated at: (Beijing Time) Saturday, September 28, 2002

Siniuju Open for Business Monday

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Foreigners will be able to travel freely to Sinuiju beginning Monday, Yang Bin, Governor for the DPRK special district, told the press Friday in Shenyang. Visitors are welcome "regardless of nationality and as long as the person holds a valid passport," he said.

Mr. Yang said that he would be in Seoul on Oct. 7 to begin drawing business investment to the northwestern region. The visit is on the invitation of the S. Korean Chamber of Commerce and Industry, he said. "I hope to meet as many South Korean businessmen as possible and to promote investment in Sinuiju." No special benefits await S. Korean firms choosing to do business in Sinuiju, Mr. Yang said, but S. Koreans may be able to form their own industrial complex there.

Passage to Sinuiju for any nationals would be through the Chinese city of Dandong on the banks of the Yalu River, he said. Entry into DPRK from there would be visa-free.

Sources in Dandong told the JoongAng Ilbo that relocation of Sinuiju residents to make room for new developments as part of the special district will begin with the transfer of the provincial office from the northern part of the city to South Sinuiju about the end of the year.

Source: Agencies

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