Alahednews
english.alahednews.com.lb
Al-Ahed Telegram
Somalia President Sacks Mayor of Mogadishu Pence, King Abdullah Clash over US Recognition of Al-Quds UK Reaffirms Commitment to Palestinian Refugees, Pledges to Fund UNRWA Bahrain Crackdown: Clerics Mistreated as Dozens Detained War on Yemen: New Saudi Massacre Claims at Least Seven Lives in Sa’ada Yemen Crisis: Children Face Worst Diphtheria Outbreak Iranian Army Launches Major Military Drills Yemen Crisis: UN Aid Agency Calls for Nearly $3 Bln in Humanitarian Aid Imam Khamenei: Soft War Based on Lies, Show Faith through Words and in Action Iran Stresses Preserving Syria’s Territorial Integrity #Yemeni Missile Force Launches a Short-range Ballistic Missile on the #Saudi Najran Force Military Base #Syrian Army, Allies Start Storming the Abo Dhhour Military Airbase #Syrian Army, Allies Advance towards the intersection of Om Joura town near the Abu Dhhour Military Airbase 11 Killed, 46 Injured in #Turkey Bus Crash Sayyed #Nasrallah: #Hezbollah affirms its rejection of the #American arrogance and the #Zionist scheme Sayyed #Nasrallah: There are #Arab regimes that continue to pressure the #Palestinians to accept the little presented to them Sayyed #Nasrallah: One of the major challenges #Iraqi forces are to face is to reject the presence of #US forces Sayyed #Nasrallah to the #Americans: If you want not to return to our region, ask your allies in the region and the world not to support #Daesh Sayyed #Nasrallah: There is no side in #Lebanon that wants to delay or annul the elections Sayyed #Nasrallah: The #Americans under the pretext of #Daesh want to return and stay in #Iraq and the same in #Syria
Guestbook mailinglist.php arabic site french site spanish site facebook twitter rss page
News Categories » Files » Files » Resistance Ops.

Decrease Font Size Increase Font Size  Print Page
Koreas Agree to Re-open Kaesong Industrial Zone
Local Editor

North and South Korea agreed Wednesday to reopen their Kaesong joint industrial park on a trial basis from next Monday, five months after it was shut during soaring military tensions.


The setting of a date came after a marathon negotiating session that ran through the night, and marks a tangible step forward for recent efforts to improve cross-border relations.

"The institutional foundation has now been laid for Kaesong to develop into an internationally competitive and stable industrial complex," the South's Unification Ministry said in a statement.
The two sides agreed that operations at the South-funded complex that lies 10 kilometers over the border in North Korea would "resume on a trial basis from September 16," it said.
Born out of the "sunshine" reconciliation policy initiated in the late 1990s by then-South Korean president Kim Dae-Jung, Kaesong was established in 2004 as a rare symbol of inter-Korean cooperation.

It provided an important hard currency source for the impoverished North through taxes, other revenues, and its cut of workers' wages.
Each side blamed the other, with the North insisting its hand was forced by hostile South Korean actions - in particular, a series of joint military exercises with the United States.
As military tensions eased, the two Koreas agreed last month to work together to resume operations at the zone.

As part of the deal, the North accepted the South's demand that Kaesong be opened to foreign investors - a move seen by Seoul as a guarantee against the North shutting the complex down again in the future.
Wednesday's agreement, which followed talks that began Tuesday morning and continued through the night, includes plans to host a road show for foreign investors at Kaesong in October.

Pyongyang's official Korean Central News Agency confirmed an agreement had been reached but offered no details beyond the September 16 re-opening date.

Source: News Agencies, Edited by website team

 

 

11-09-2013 | 09:06



News Coverage

Related News

Search
To Top