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Opposition presidential hopeful proposes economic union with N. Korea
SEOUL, Aug. 17 (Yonhap) -- Moon Jae-in, a lawyer-turned-politician who is currently leading opinion polls of presidential hopefuls in the opposition camp, on Friday floated a proposal for inter-Korean summit talks and an economic union.

   The Democratic United Party lawmaker said in a press conference in Seoul that if he were elected to the country's top political post on Dec. 19, a five-year economic plan for South-North Korea cooperation would be drawn up, with efforts made to follow through on various programs reached under late President Roh Moo-hyun.


This, he said, could lead to a kind of economic coalition that could expand cooperation across the board and effectively lead to unification of the two economies. Such a development could also lay the foundation for complete unification in the future, Moon said.

   "A joint committee will oversee investments and free economic activities that can allow the economies of the two Korea to reach levels only reached by the United States, Germany and Japan," the lawmaker said. He added that a comprehensive economic cooperation pact could be signed.

   Moon, in addition, said efforts would be taken to push forward an inter-Korean summit meeting next year that could revolutionize ties between the sides that have made little headway under the present Lee Myung-bak administration.

   He said the summit should be held around June 15, to mark the first summit meeting between the two Koreas that took place in 2000.