Wednesday, August 14, 2013

North, South Korea restart talks on reopening industrial park

North, South Korea restart talks on reopening industrial park

Officials from North and South Korea resumed talks Wednesday about reopening a shuttered factory complex the two countries jointly ran until April. Six rounds of unsuccessful talks on restarting operations in the industrial park in North Korea’s third-largest city, Kaesong, have been held so far. The factory lies just across the heavily armed border from Paju, South Korea and combines South Korean finance and technology with cheap North Korean labor. Seoul has been pushing for Pyongyang to provide guarantees that it won’t unilaterally shut down Kaesong if tensions flare up again.

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