South Korean banks, including Shinhan Financial Group and KB Financial Group -- have set up task forces to conduct research on inter-Korean economic projects.

Earlier this month, Shinhan Financial launched a task force on North Korea.

The task force was manned by executives from the financial holding firm's affiliates, including Shinhan Bank.

KB Financial has also set up a task force to review how it could take part in North Korea's fiancial business operations if inter-Korean cooperation gains further momentum.

KEB Hana Bank will launch a team to draw up plans for financial support in North Korea when inter-Korean economic projects resume.

An official at KEB Hana Bank said the bank is interested in opening a branch in North Korea, but it will be possible "when political conditions are ripe."

Two major inter-Korean economic cooperation projects -- tours to North Korea's Mount Kumgang and the joint industrial complex in the North's border city of Kaesong -- were suspended after Pyongyang's provocative actions over the years. (Yonhap)