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South Korea halts joint venture after North's tests | South Korea halts joint venture after North's tests |
(about 1 hour later) | |
South Korea is to suspend operations at a jointly run industrial park in North Korea following the North's recent rocket launch and nuclear test. | South Korea is to suspend operations at a jointly run industrial park in North Korea following the North's recent rocket launch and nuclear test. |
Seoul said all operations at the complex would halt, to stop the North using its investment "to fund its nuclear and missile development". | Seoul said all operations at the complex would halt, to stop the North using its investment "to fund its nuclear and missile development". |
Kaesong is the last point of co-operation between the two Koreas and a key source of revenue for Pyongyang. | Kaesong is the last point of co-operation between the two Koreas and a key source of revenue for Pyongyang. |
It came as Japan imposed new sanctions against the North following the launch. | |
They include a ban on North Korean vessels coming into port in Japan and on vessels from other countries that have visited the state, | |
The US warned on Tuesday that the North could soon have enough plutonium for nuclear weapons. | |
South Korea, the US, Japan and others see Sunday's rocket launch - ostensibly to put a satellite into space - as cover for a banned test of missile technology. | South Korea, the US, Japan and others see Sunday's rocket launch - ostensibly to put a satellite into space - as cover for a banned test of missile technology. |
Tensions have risen over the past month since North Korea carried out a fourth nuclear test in early January. | Tensions have risen over the past month since North Korea carried out a fourth nuclear test in early January. |
"All our support and efforts... were taken advantage of by the North to develop its nuclear weapons and missile programmes," the South's Unification Minister Hong Yong-pyo told reporters. | "All our support and efforts... were taken advantage of by the North to develop its nuclear weapons and missile programmes," the South's Unification Minister Hong Yong-pyo told reporters. |
The announcement came amid reports that the North's military chief, Ri Yong-gil, had been executed on corruption charges. | The announcement came amid reports that the North's military chief, Ri Yong-gil, had been executed on corruption charges. |
South Korea's state news agency Yonhap quoted unnamed sources saying the general, who was appointed in 2013, had been deemed guilty of corruption and pursuing personal gains. | South Korea's state news agency Yonhap quoted unnamed sources saying the general, who was appointed in 2013, had been deemed guilty of corruption and pursuing personal gains. |
There was no confirmation of the report. |