Thursday, February 11, 2016

North Korea Takeover the Kaesong Industrial Park

PAJU, South Korea (AP) — North Korea on Thursday ordered a military takeover of a factory park that had been the last major symbol of cooperation with South Korea, calling Seoul's earlier suspension of operations at the jointly run facility as punishment for the North's recent rocket launch a "dangerous declaration of war."

North Korea said it was responding to Seoul's shutdown order by immediately deporting the hundreds of South Koreans who work at the complex just across the world's most heavily armed border in the city of Kaesong, pulling out the tens of thousands of North Korean employees and freezing all South Korean assets. The North also said it was shutting down two crucial cross-border communication hotlines.

(Wiki )In the park's initial phase,15 South Korean companies constructed manufacturing facilities. Three of the companies started operations by March 2005. First phase plans envisaged participation by 250 South Korean companies from 2006, employing 100,000 people by 2007. The park was expected to be complete in 2012, covering 65 km2 and employing 700,000 people.












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