South Korea to dissolve foundation in charge of inter-Korean industrial park



News South Korea to dissolve foundation in charge of inter-Korean industrial park Seoul cites cost of operating foundation and unauthorized North Korean activity at Kaesong complex closed since 2016 Joon Ha Park \| Shreyas Reddy January 4, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Workers at Kaesong Industrial Complex, SK Apparel unit, Sept. 2013 \| Image: Joint Photo Press Corps (file photo) Seoul’s unification ministry announced that it will dissolve the foundation in charge of operations at a defunct inter-Korean industrial park, in a move reflecting strained relations with North Korea. Citing the “prolonged suspension” of the Kaesong industrial complex, the ministry said in a policy brief Thursday that the foundation’s functions had effectively become “inactive,” rendering it unable to fulfill its primary role of supporting the development and operations of the complex. Seoul’s unification ministry announced that it will dissolve the foundation in charge of operations at a defunct inter-Korean industrial park, in a move reflecting strained relations with North Korea. Citing the “prolonged suspension” of the Kaesong industrial complex, the ministry said in a policy brief Thursday that the foundation’s functions had effectively become “inactive,” rendering it unable to fulfill its primary role of supporting the development and operations of the complex. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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South Korea to dissolve foundation in charge of inter-Korean industrial park

Seoul cites cost of operating foundation and unauthorized North Korean activity at Kaesong complex closed since 2016

Joon Ha Park | Shreyas Reddy January 4, 2024

South Korea to dissolve foundation in charge of inter-Korean industrial park

Workers at Kaesong Industrial Complex, SK Apparel unit, Sept. 2013 | Image: Joint Photo Press Corps (file photo)

Seoul’s unification ministry announced that it will dissolve the foundation in charge of operations at a defunct inter-Korean industrial park, in a move reflecting strained relations with North Korea.

Citing the “prolonged suspension” of the Kaesong industrial complex, the ministry said in a policy brief Thursday that the foundation’s functions had effectively become “inactive,” rendering it unable to fulfill its primary role of supporting the development and operations of the complex.

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South Korea to dissolve foundation in charge of inter-Korean industrial park

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