Hyundai confirms North Korea petrochemical complex plan

South Korea's largest industrial conglomerate, the Hyundai Group, says that it is still hoping to build a petrochemical complex in North Korea by 2008, although it adds that the original plan to build an oil refinery alongside is now looking doubtful. The facilities would be subsumed under the third phase of a larger project to establish a special economic zone at Kaesong, 8 km from the border with South Korea.

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