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S. Korea, DPRK launch dispute arbitration panel for Kaesong complex

English.news.cn   2013-12-27 11:02:32            

SEOUL, Dec. 27 (Xinhua) -- South Korea and the Democratic People's Republic of Korea (DPRK) has established an arbitration panel for handling legal disputes in the joint factory park in the border town Kaesong, South Korea's Unification Ministry said on Friday.

The panel is expected to deal with possible disputes in early March after both sides decide details about arbitration regulations, the unification ministry spokesman Kim Eyi-do said.

The DPRK on Thursday sent a list of five panel members to South Korea, who has already sent its list of five officials to Pyongyang. This latest move followed the agreement made by both sides three month ago.

The Kaesong industrial complex is operating normally and seeking foreign investment, despite the execution of Jang Song Thaek, the once-powerful uncle of DPRK leader Kim Jong Un.

Around 30 foreigners, including finance officials from G20 member countries and experts from the Asia Development Bank and the Bank for International Settlement, visited the complex last Thursday to help Pyongyang promote foreign investment.

Related:

S.Korea to regularize NSC meeting amid rising DPRK threats

SEOUL, Dec. 20 (Xinhua) -- South Korea decided to set up the standing committee and secretariat of its National Security Council (NSC) to regularize security meetings amid what it deemed rising threats from the Democratic People's Republic of Korea ( DPRK), top presidential aide in charge of security and foreign affairs said Friday. Full story

News Analysis: Kaesong complex looks to future, despite Jang's execution

SEOUL, Dec. 19 (Xinhua) -- The Kaesong industrial complex, jointly run by South Korea and the Democratic People's Republic of Korea (DPRK), is operating normally and seeking foreign investment, despite the execution of Jang Song Thaek, the once-powerful uncle of DPRK leader Kim Jong Un.

Around 30 foreigners, including finance officials from Group of 20 (G20) member countries and experts from the Asia Development Bank and the Bank for International Settlement, visited the quiet, peaceful-looking complex, along with foreign and local media reporters Thursday after Pyongyang approved the rare cross-border trip. Full story

S.Korea, DPRK to hold joint management meeting for Kaesong complex

SEOUL, Dec. 18 (Xinhua) -- South Korea and the Democratic People's Republic of Korea planned to hold working-level talks to discuss management of the Kaesong industrial complex, Seoul's Unification Ministry said Wednesday.

Unification Ministry spokeswoman Park Soo-jin told a routine press briefing that the fourth round of the Kaesong industrial zone's joint management committee meeting will be held from 10 a. m. Thursday in Kaesong, the DPRK's border town. Full story

Editor: chengyang
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