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North Korea Crisis

Lotte, Hyundai and KT prepare for post-sanctions North

South Korean conglomerates eye opportunity in hotels, resorts and telecoms

North Korean workers make shoes for a South Korean company inside Kaesong industrial complex back in 2007. The park has since been shut down over cooling relations between the two Koreas.   © Reuters

SEOUL -- South Korean companies have begun to explore potential business opportunities in the North in light of the recent diplomatic thaw that has raised expectations for the eventual lifting of the United Nations sanctions against Pyongyang.

Lotte launched a task force on Friday to identify possible investment targets in North Korea. The team is made up of eight executives from the group's food, hotel, logistics and chemical businesses.

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