All posts tagged "Kaesong"

  • South Korean cargo trucks wait to head to the North Korean city of Kaesong as a South Korean Army patrols at the customs, immigration and quarantine office near the border village of Panmunjom in Paju, South Korea, Thursday, Feb. 11, 2016. South Korea said Wednesday that it will shut down a joint industrial park with North Korea in response to its recent rocket launch, accusing the North of using hard currency from the park to develop its nuclear and missile programs. (AP Photo/Ahn Young-joon)
    S. Korea to extend $445M in loans to Kaesong firms

    SEOUL (Yonhap) — The South Korean government said Thursday that it will extend special low-interest loans worth 550 billion won (US$445 million) to firms based in a jointly run industrial park in a North Korean border town...

    • Posted February 24, 2016
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  • A truck with extra loads strapped to the top drives through South Korea's western border city of Paju, north of Seoul, on Feb. 11, 2016, after returning from a joint industrial park in the North Korean border city of Kaesong. (Yonhap)
    Korean firms report in excess of $660M in losses from factory park shutdown

    SEOUL (Yonhap) — South Korean firms based in a jointly run industrial park in a North Korean border city have suffered more than 815 billion won (US$660 million) in losses from its shutdown, their association claimed Wednesday....

    • Posted February 24, 2016
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  • North Korean employees work at a factory at the industrial complex in the North's border town of Kaesong. The joint factory park reopened earlier in the day, more than five months after it was shut down amid rising tensions across the border of the two Koreas.
    Kaesong zone may turn into military base: S. Korea

    SEOUL (Yonhap) — South Korea does not rule out the possibility of North Korea turning the joint inter-Korean factory park in a North Korean border town into a military base, the Defense Ministry said Friday. In retaliation...

    • Posted February 12, 2016
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  • The road to the Gaeseong Industrial Complex in North Korea is empty, Friday. All South Korean workers left the industrial park safely Thursday after North Korea closed the area and froze all South Korean assets there. (Yonhap)
    USFK to deploy THAAD

    By Rachel Lee South Korea will allow the United States to deploy at least one terminal high altitude area defense (THAAD) battery for defense against North Korean missiles, a senior military official said Friday. A Korea-U.S. joint...

    • Posted February 12, 2016
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  • (Source: The Korea Economic Daily)
    Shutdown takes major toll on firms in Kaeseong

    By Park Si-soo The shutdown of the inter-Korean Kaeseong Industrial Complex in North Korea will take a huge toll on 124 South Korean companies that had operations there despite compensation and aid packages promised by the government....

    • Posted February 11, 2016
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  • South Korean cargo trucks wait to head to the North Korean city of Kaesong as a South Korean Army patrols at the customs, immigration and quarantine office near the border village of Panmunjom in Paju, South Korea, Thursday, Feb. 11, 2016. South Korea said Wednesday that it will shut down a joint industrial park with North Korea in response to its recent rocket launch, accusing the North of using hard currency from the park to develop its nuclear and missile programs. (AP Photo/Ahn Young-joon)
    N. Korea orders military takeover of inter-Korean factories

    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...

    • Posted February 11, 2016
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  • South Korea has offered North Korea MERS detection devices to install at the Kaesong Industrial Complex where there are factory workers from both the North and South. ((AP Photo/Kim Hong-ji)
    S. Korea to ‘completely’ shut down joint industrial complex

    SEOUL (Yonhap) — South Korea said Wednesday it has decided to “completely” shut down a joint industrial complex in North Korea in response to the North’s recent nuclear test and long-range rocket launch. The Unification Ministry announced...

    • Posted February 10, 2016
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