Korean Peninsula Pact Achieved to Reopen Joint Factory

Global Security Newswire Staff
Add to Briefcase
See more stories about...
Global Security Newswire Staff
Aug. 14, 2013, 8:02 a.m.

On Wed­nes­day, North and South Korea agreed to a deal to re­open the Kaesong in­dus­tri­al com­plex, though a date for re­newed pro­duc­tion there has not yet been set, Yon­hap News Agency re­por­ted.

The ac­cord between the two na­tions came after North Korea is­sued a res­ol­u­tion to not shut down the fa­cil­ity again “un­der any cir­cum­stances,” ac­cord­ing to the Korean wire ser­vice. Ad­di­tion­ally, the fa­cil­ity will “in­ter­na­tion­al­ize” by al­low­ing for­eign in­vestors, a move that Seoul brought up dur­ing ne­go­ti­ations in an ef­fort to make it less easy for North Korea to take ac­tion against the com­plex in the fu­ture, ac­cord­ing to Yon­hap.

A joint com­mit­tee will be cre­ated to su­per­vise the fu­ture of the in­dus­tri­al park and oth­er is­sues that have aris­en since its clos­ure in early April, in­clud­ing resti­tu­tion pay­ments for lost rev­en­ue for South Korean plants, the wire ser­vice re­por­ted.

“Once the joint com­mit­tee is set up and in­spec­tions and the re­fur­bish­ment of man­u­fac­tur­ing fa­cil­it­ies takes place, com­pan­ies will be al­lowed to go back to the com­plex and start op­er­a­tions,” said a uni­fic­a­tion min­istry of­fi­cial, as quoted by Yon­hap. The joint com­mit­tee will be made up of of­fi­cials from both North and South Korea who have been par­ti­cip­at­ing in the daily man­age­ment of the fa­cil­ity, the wire ser­vice re­por­ted.

The an­nounce­ment comes just a week after North Korea signaled it was ready to be­gin a sev­enth round of talks over the com­plex.

In oth­er news, U.N. in­spect­ors ar­rived in Panama on Tues­day to be­gin in­spec­tions of the North Korean freight­er that was found to be trans­port­ing hid­den mil­it­ary equip­ment as it at­temp­ted to pass through the Panama Canal a month ago, CNN re­por­ted.

The in­spect­ors ar­rived at the be­hest of the Panamani­an gov­ern­ment, who in­sisted that the United Na­tions handle the case.

In­ter­na­tion­al in­vest­ig­at­ors will not com­ment pub­licly dur­ing the in­spec­tion and will in­stead wait to com­pile and pub­lish a re­port of their find­ings, ac­cord­ing to a state­ment from Panama’s Se­cur­ity Min­istry, cited by CNN. The in­quiry is ex­pec­ted to end next Fri­day, ac­cord­ing to the net­work.

The Chong Chon Gang’s 35-per­son crew is ex­pec­ted to be re­turned to North Korea “soon, like in a month,” al­though they could be “re­turned to Cuba and from there go to Korea,” said a gov­ern­ment of­fi­cial, ac­cord­ing to a re­port in the Lon­don Guard­i­an.

What We're Following See More »
CITES CONFLICT OF INTEREST
Lieberman Withdraws from Consideration for FBI Job
4 days ago
THE LATEST
MINIMUM 2 PERCENT GDP
Trump Tells NATO Countries To Pay Up
4 days ago
BREAKING
MANAFORT AND FLYNN
Russians Discussed Influencing Trump Through Aides
4 days ago
THE DETAILS

"American spies collected information last summer revealing that senior Russian intelligence and political officials were discussing how to exert influence over Donald J. Trump through his advisers." The conversations centered around Paul Manafort, who was campaign chairman at the time, and Michael Flynn, former national security adviser and then a close campaign surrogate. Both men have been tied heavily with Russia and Flynn is currently at the center of the FBI investigation into possible collusion between the Trump campaign and Russia.

Source:
BUT WHITE HOUSE MAY USE AGAINST HIM ANYWAY
Ethics Cops Clear Mueller to Work on Trump Case
6 days ago
THE LATEST

"Former FBI Director Robert Mueller has been cleared by U.S. Department of Justice ethics experts to oversee an investigation into possible collusion between then-candidate Donald Trump's 2016 election campaign and Russia." Some had speculated that the White House would use "an ethics rule limiting government attorneys from investigating people their former law firm represented" to trip up Mueller's appointment. Jared Kushner is a client of Mueller's firm, WilmerHale. "Although Mueller has now been cleared by the Justice Department, the White House may still use his former law firm's connection to Manafort and Kushner to undermine the findings of his investigation, according to two sources close to the White House."

Source:
BUSINESSES CAN’T PLEAD FIFTH
Senate Intel to Subpoena Two of Flynn’s Businesses
6 days ago
THE LATEST

Senate Intelligence Committee chairman Richard Burr (R-NC) and ranking member Mark Warner (D-VA) will subpoena two businesses owned by former National Security Advisor Michael Flynn. Burr said, "We would like to hear from General Flynn. We'd like to see his documents. We'd like him to tell his story because he publicly said he had a story to tell."

×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login