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IPFS News Link • Korea/North Korea

Real estate booms along Koreas' border

• http://www.postbulletin.com, By Victoria Kim

Never mind the heavily fortified border with North Korea just a few miles away, the occasional land mine explosions or the North Korean propaganda blaring from loudspeakers at odd hours. Kim Yoon-sik, a developer then in his mid-30s, thought: "This looks like money."

He bought up farmland and within a few years, set up shop as a real estate agent specializing in land near the border.

Kim has been waiting for his big break ever since, watching prices buoy with every thaw of relations between North and South Korea, and plummet with every provocation.

With military talks last week between the two Koreas reportedly involving discussions of the North moving long-range artillery away from the border, and South Korea and the U.S. suspending joint military drills planned for August after President Donald Trump's meeting with North Korean leader Kim Jong Un, this time just might be different.


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