South Korea has decided to disband the sole government-run foundation tasked with handling matters concerning the now-shuttered Kaesong industrial park, once a pivotal inter-Korean cooperation project, amid simmering tensions between the two Koreas. The Unification Ministry issued a public announcement on Thursday regarding the dissolution of the Gaeseong Industrial District Foundation, which was first established in.
While the decision to dissolve the foundation could have a serious impact on the property rights of the tenant companies at the complex, the government didn’t discuss its decision with the tenant companies or even notify them in advance
South Korea has decided to disband the sole government-run foundation tasked with handling matters concerning the now-shuttered Kaesong industrial park, once a pivotal inter-Korean cooperation project, amid simmering tensions between the two Koreas. The Unification Ministry issued a public announcement on Thursday regarding the dissolution of the Gaeseong Industrial District Foundation, which was first established in.
Will China, other countries show interest in Gaeseong Industrial Complex?
Posted : 2021-02-23 16:55
Updated : 2021-02-23 18:32
The road to Gaeseong in North Korea remains closed in Paju, Gyeonggi Province, in this April 2013 photo. Korea Times file
By Do Je-hae
Some experts call for companies from China, Russia and other countries to do business in North Korea s Gaeseong Industrial Complex, to prevent the symbol of inter-Korean economic cooperation from being shut down whenever inter-Korean relations go sour.
It has been five years since the industrial complex in the North Korean border city was closed abruptly Feb. 10, 2016, during the Park Geun-hye administration, to protest North Korea s nuclear tests. The complex remains closed, despite calls from the businesses that took part in the project to reopen it. The Ministry of Unification has said this week that Seoul will continue to seek the reopening of the complex within the framework of international sanctions against No