Dalian: China has bought the rights to use a North Korean port, state media reported on Tuesday, giving Chinese exporters access to the Sea of Japan.
State-owned Yanbian Haihua Group bought the rights to use two berths at Chongjin port, on North Korea's east coast, for 30 years after setting up a joint venture company worth $7.83m.
The port is close to the Rason economic zone, near North Korea's borders with Russia and China. [12/09/12]
