South Korea seeks progress on denuclearization, proposes East Asian railroad community with China, Japan, Russia, and US

Kim Jong Un and Moon Jae-In

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  • A third summit between North Korean leader Kim Jong Un and South Korean President Moon Jae-in is planned for September.
  • While the subject of denuclearization remains at the center of the negotiation table, Moon said plans to build a railway across the peninsula will kick off this year.
  • Moon proposed an East Asian railroad community that groups China, Japan, Mongolia, Russia, and the US.
  • Moon estimated cross-border economic cooperation could be worth at least $ 149.9 billion over the next 30 years, citing a study by a state-run think tank.

A third summit of Korean leaders planned for next month will be a further step toward denuclearization of the peninsula and a peace treaty to end the Korean War, South Korea’s President Moon Jae-in said on Wednesday.

North Korean leader Kim Jong Un vowed to work toward denuclearization at a landmark summit in Singapore with U.S. President Donald Trump in June, but the two countries have since struggled to agree on how to reach that goal.

See the rest of the story at Business Insider

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