Kaesong Complex Archives | Be Korea-savvy
S. Korean Firms Hail NK Leader’s Comments on Kaesong Complex

S. Korean Firms Hail NK Leader’s Comments on Kaesong Complex

SEOUL, Jan. 1 (Korea Bizwire) – South Korean companies that had operated factories in the now-shuttered industrial complex in North Korea’s border city of Kaesong on Tuesday hailed the North Korean leader’s willingness to reopen the factory park. In his televised New Year speech early on Tuesday, North Korean leader Kim Jong-un said he is [...]

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

Firms Making Inquiries About Opening Operations at Now-shuttered Kaesong Complex

SEOUL, May 13 (Korea Bizwire) — A number of firms are making inquiries about the now-shuttered joint industrial complex in North Korea’s border city of Kaesong, industry sources said Sunday, as the two Koreas move to implement a set of agreements signed during their leaders’ historic summit last month. According to the insiders from a [...]

South Korean Firms Accept Government Compensation over Kaesong Complex Shutdown

South Korean Firms Accept Government Compensation over Kaesong Complex Shutdown

SEOUL, Nov. 13 (Korea Bizwire) – South Korean companies that operated factories at the now-shuttered joint industrial park in North Korea said Monday they will accept the tens of billions of won in compensation recently offered by the government, yet decided to seek additional support. On Friday, the government said it will provide compensation to hundreds of domestic companies who suffered losses [...]

S. Korea not Considering Closure of Kaesong Complex

S. Korea not Considering Closure of Kaesong Complex

SEOUL, Jan. 12 (Korea Bizwire) – South Korea said Tuesday it is not considering temporarily shutting down a joint industrial park in North Korea at this stage despite the North’s claimed successful test of a hydrogen bomb last week. The government has decided to limit the entry of South Korean nationals into Kaesong Industrial Complex [...]