History of Kaesong industrial complex

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At this early stage, it's unclear when or even if the Kaesong industrial complex will reopen. • One thing we know for sure is that the inter-Korean complex has had a turbulent history. • Kim Hye-sung has this report. e • On the North Korean side of the Demilitarized Zone,... the Kaesong Industrial Complex -- the single joint business of the two Koreas -- was launched in 2003 and opened in 2004. • The joint park is largely financed by South Korea. • The factory zone currently hosts more than 120 South Korean companies which employ some 54-thousand North Korean workers. • The estate is a precious source of cash for the isolated and impoverished North. • Two years after its opening, the number of North Korean staff hit 10-thousand workers,... a year after it doubled,... and in 2012 it reached over 50-thousand. • The accumulated earnings from goods produced at the complex rose from some 1-hundred-million U.S. dollars in 2007 to 2 billion dollars in 2013. • Production at Kaesong accounted for 99 percent of inter-Korean trade last year. • The business park, virtually the only form of economic cooperation between the two Koreas, has become increasingly vulnerable to turbulent swings in inter-Korean politics. • In 2013, during a period of heightened cross-border tensions, Pyongyang effectively shut down the zone for five months by withdrawing its workers. • Two and a half years since it reopened, the Kaesong Industrial Complex stands at a point where it could be shut down for good putting an end to 13 years of operations. • Kim Hye-sung, Arirang News. • Visit ‘Arirang News’ Official Pages • Facebook(NEWS): / newsarirang • Homepage: http://www.arirang.com • Facebook: / arirangtv • Twitter: / arirangworld • Instagram: / arirangworld

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