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SEOUL, South Korea (Reuters) — South Korean Unification Minister Hong Yong-pyo on Thursday (February 18) reaffirmed the allegation that 70 percent of U.S. dollars paid as wages and fees for the suspended Kaesong industrial project, run jointly with the North, had been diverted for use in Pyongyang’s weapons program. Last week, South Korea suspended the project as punishment for the North’s rocket launch on February 7 saying it would no longer allow the funds paid […]
SEOUL, South Korea (Reuters) — South Korea said on Friday (February 12) that North Korea would be held responsible for any consequences after the North kicked out South Korean workers and froze the assets of companies at the jointly run Kaesong Industrial Complex. Seoul suspended operations at the complex this week, after Pyongyang’s rocket launch last weekend. South Korean Unification Minister Hong Yong-pyo told a news conference that North Korea’s action to freeze the […]
PAJU, South Korea (Reuters) — South Korean staff on Thursday (February 11) headed for the Kaesong Industrial Complex to help with a pull-out of workers a day after the government decided to suspend operations at a jointly run factory park just inside North Korea following the North’s long-range rocket launch. South Korean Unification Minister Hong Yong-pyo said on Wednesday (February 10) North Korea was suspected of spending funds from the complex on advancing its nuclear […]
South Korea said on Monday (January 11) that the government would impose tougher entry restrictions to a joint factory park run with North Korea, limiting its workforce staying in the park to “minimum necessary level” from Jan. 12. The spokesman at South Korea’s Unification Ministry told a news briefing that the government was taking stronger measures to protect its citizens after North Korea conducted its fourth nuclear test last week. “Considering the safety of our […]
South Korea said on Friday (January 8) it was not yet considering shutting down the Kaesong industrial complex run jointly with North Korea, located north of the rivals’ border, after the North’s latest nuclear test this week. “We’re not at the stage that we can say whether we will close (the Kaesong Industrial Complex) or pull out (people),” said South Korean Unification Ministry spokesman, Jeong Joon-hee, at a news briefing. The Unification Ministry also said […]
