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| North and South Korea to reopen Kaesong industrial complex | North and South Korea to reopen Kaesong industrial complex |
| (7 days later) | |
| North and South Korea have agreed to re-open a shuttered industrial park on a trial basis starting on Monday, according to the South's unification ministry. | North and South Korea have agreed to re-open a shuttered industrial park on a trial basis starting on Monday, according to the South's unification ministry. |
| The Kaesong industrial zone is located a few kilometres inside North Korea and was closed when Pyongyang pulled its 53,000 workers out amid rising tensions between the two Koreas in April. | The Kaesong industrial zone is located a few kilometres inside North Korea and was closed when Pyongyang pulled its 53,000 workers out amid rising tensions between the two Koreas in April. |
| Attempts will be made to attract foreign investors into the zone, said the ministry, which is responsible for handling South Korea's stance on inter-Korean relations. | Attempts will be made to attract foreign investors into the zone, said the ministry, which is responsible for handling South Korea's stance on inter-Korean relations. |
| The industrial park draws on investment from more than 100 South Korean firms. It provided cheap labour for South Korean firms and much-needed hard currency for the North, generating a $80m (£50m) wage bill last year, according to Seoul's unification ministry. | The industrial park draws on investment from more than 100 South Korean firms. It provided cheap labour for South Korean firms and much-needed hard currency for the North, generating a $80m (£50m) wage bill last year, according to Seoul's unification ministry. |
| But it was also part of the Seoul's "sunshine policy" of reaching out to Pyongyang, which ended when the previous South Korean president, Lee Myung-bak, took power in 2008. | But it was also part of the Seoul's "sunshine policy" of reaching out to Pyongyang, which ended when the previous South Korean president, Lee Myung-bak, took power in 2008. |
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