SOUTH KOREA

Daewoo Wants to Build Plant in N. Korea: Bae Soon Hoon, chairman of South Korea’s Daewoo Electronics Co., said the firm would spend $300 million building an electronic appliances plant near the port city of Nampo, according to a spokesman. The request was conveyed to the North Korean government when Bae visited the Communist country last month with other Daewoo executives. The spokesman quoted Bae as saying that Pyongyang officials showed a “very positive attitude.” The plant would produce $500 million worth of color televisions, refrigerators, washing machines and microwave ovens annually, he said. The Daewoo Business Group, South Korea’s fourth-largest conglomerate, agreed to set up joint venture plants for textiles and other consumer goods in Nampo when Chairman Kim Woo Choong visited North Korea in 1992.