IT40 News for 11/08/2018

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#34 Kim Jong Un slow walks nuke talks, woos SKorean investors

MOUNT KUMGANG, North Korea — The two-lane highway south from North Korea's Mount Kumgang into and across the Demilitarized Zone is lined by tall green fences and street lamps that are only turned on for special occasions. Children play on a parallel stretch of railroad that hasn't been in regular use since before they were born. Behind a solitary guard stands a sign saying it's 68 kilometers (40 miles) to Sokcho, a town just across the DMZ in South Korea.

At the height of South Korea's policy of engagement with the North, the "Diamond Mountain Resort" area was a symbol of cooperation. More than 2 million South Korean tourists came to visit and some of the South's biggest corporations poured more than a billion dollars into what they hoped would be a world-class travel destination.

Today it's almost deserted.

A decade after the North-South experiment in cooperation on Kumgang ended in bitter failure, North Korean leader Kim Jong Un and South Korean President Moon Jae-in want to give it another try. By the end of the year they hope to begin working on opening this stretch of road and rail.

The push to jointly develop Kumgang is a direct challenge to Washington's policy of maintaining sanctions and "maximum pressure" until Pyongyang gives up its nuclear arsenal.

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