South Korea to revive stalled rail project that could connect to North Korea

South Korea will restart work on a railway section that could eventually link to North Korea’s eastern city of Wonsan, the Unification Ministry said on Wednesday, reviving a project halted for a decade despite frozen relations with Pyongyang.

North Korea on Tuesday denounced growing security cooperation among South Korea, the United States and Japan, warning that their participation in a major multinational naval exercise would prompt Pyongyang to develop new deterrent capabilities. The Korean Central News Agency criticized the recently concluded Rim of the

South Korea plans production tax credits and a tax-free investment account to support strategic industries and long-term domestic investment.