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S. Korea, Russia Agree on Backdoor Investment in North

A deal reached with Russia this week will allow South Korean investors to take part in a railway and port project in North Korea, circumventing Seoul's limits on direct investment. Russia plans to improve the North Korean port Rajin to ship goods to and from Europe. South Korean President Park Geun-hye and Russian President Vladimir Putin signed a memorandum of understanding (MOU) effectively granting South Koreans investment into North Korea, which Seoul currently restricts. The...

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