The South Korean government is discussing how to finance possible economic projects with North Korea, following the Panmunjom Declaration announced at last week's inter-Korean summit.
Finance Minister Kim Dong-yeon says inter-Korean economic cooperation will create huge synergy.
He added that Seoul is internally carrying out preparations on how to cooperate with the international community and on how to pay for joint projects.
But given the international sanctions on the North, Kim said such cooperation would require global consensus, and depends on how the upcoming North Korea-U.S. summit pans out.