SEOUL, Sept. 17 (Xinhua) -- South Korean President Park Geun- hye on Tuesday expressed hope the Kaesong industrial complex would become a starting point for reform and openness of the Democratic People's Republic of Korea (DPRK).
Park made the remarks at a Cabinet meeting, citing the success story of Vietnam. The South Korean chief executive made a state visit to the Southeast Asian country last week. "After visiting Vietnam last week, I confirmed its success through reform and openness. I anticipate North Korea (DPRK) would make a right choice by taking the Kaesong industrial complex as a starting point," said Park.
The jointly operated factory park in the DPRK's border town of Kaesong was reopened on Monday in more than five months. Around 90 South Korean firms with factories in Kaesong conducted their trial run the previous day, and 32,000 DPRK workers reported to work.
The Kaesong industrial zone, where 123 South Korean companies run factories, came to a halt in early April when the DPRK pulled out all of its 53,000 workers from Kaesong in protest against the joint annual military exercises between Washington and Seoul.
Park said that the Kaesong complex should be operated based on common sense and international standards to develop the factory park into a globally competitive one, urging officials to make more efforts to make known the enhanced institutional conditions of the park to the international society.
Seoul and Pyongyang agreed to hold the first investor relation (IR) event in Kaesong on Oct. 31 as part of efforts to encourage foreign companies to invest into the reopened factory park just north of the heavily armed border.
An official at Seoul's Unification Ministry told Xinhua that the scheduled IR session will be subject to foreign firms belonging to foreign Chamber of Commerce & Industry stationed in South Korea.
The two Koreas have been discussing the introduction of an electronic system to control passage of businessmen to and from Kaesong along with the usage of mobile phones and the Internet connectivity within the factory park.
S.Korea, DPRK reopen Kaesong complex
SEOUL, Sept. 16 (Xinhua) -- South Korea and the Democratic People's Republic of Korea (DPRK) reopened the Kaesong industrial complex on Monday morning after it suspended for five months amid political tensions in the peninsular, the Yonhap news agency reported.
More than half of the 123 South Korean companies in the complex are expected to start trial run and workers from the North side have been requested to return to work, Yonhap quoted the Unification Ministry as saying. Full story
IR session for foreign investors to be held in Kaesong complex
SEOUL, Sept. 17 (Xinhua) -- Investor relation (IR) session will be held in the Kaesong industrial complex in late October to encourage foreigners to invest into the reopened factory park just north of the heavily armed border, Seoul's Unification Ministry said Tuesday. Full story