
An inter-Korean factory zone in North Korea began its trial-run production on Monday after a five-month hiatus, as the two Koreas discuss ways to ensure sustainable growth of the joint economic venture, Yonhap News Agency reported. More than half of the 123 South Korean firms with factories at the Kaesong Industrial Complex in the North's border city were set to start trial operations, with the aim of fully normalizing operations thereafter, the South Korean Unification Ministry said. 821 South Korean managers and workers had plans to cross over the border into Kaesong during the day, with more than 400 to stay overnight to oversee production normalize there, the ministry and customs office said. The resumption came after Seoul and Pyongyang agreed last Tuesday to begin operations after talks made headway on setting up safeguards to ensure that the complex will not be shut down again due to non-economic reasons. All operations at Kaesong, which first began production in late 2004, came to a screeching halt on April 9, when the North pulled out all of its 53,000 workers from the park at the height of political and military tension on the Korean Peninsula. On the reopening of the complex, businessmen said they were relieved that cross-border talks in the past few months have reached a breakthrough in resolving differences. In addition to the reopening of the industrial park, the two sides began the third round of joint management committee negotiations with the aim of enhancing the rights of South Korean workers at Kaesong. The committee gives Seoul equal say in the running of the complex that in the past was effectively run by Pyongyang. The two Koreas still remain technically at war after the 1950-53 Korean War ended in a truce.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor