Korean Peninsula Pact Achieved to Reopen Joint Factory

Global Security Newswire Staff
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 »
MARCIA FUDGE TO PRESIDE
Wasserman Schultz Stripped of Convention Duties
7 hours ago
THE DETAILS

Democratic National Committee Chairwoman Debbie Wasserman Schultz "will not have a major speaking role or preside over daily convention proceedings this week," and is under increasing pressure to resign. The DNC Rules Committee on Saturday named Ohio Democratic Rep. Marcia Fudge as "permanent chair of the convention." At issue: internal DNC emails leaked by Wikileaks that show how "the DNC favored Clinton during the primary and tried to take down Bernie Sanders by questioning his religion."

Source:
EARLY BUMP FOR TRUMP?
New Round of Polls Show a Tight Race
2 days ago
THE LATEST
  • A Rasmussen Reports poll shows Donald Trump ahead of Hillary Clinton, 43%-42%, the fourth week in a row he's led the poll (one of the few poll in which he's led consistently of late).
  • A Reuters/Ipsos survey shows Clinton leading 40%-36%. In a four-way race, she maintains her four-point lead, 39%-35%, with Gary Johnson and Jill Stein pulling 7% and 3%, respectively.
  • And the LA Times/USC daily tracking poll shows a dead heat, with Trump ahead by about half a percentage point.
BELLWETHER?
Candidates Deadlocked in Ohio
3 days ago
THE LATEST
17-POINT EDGE AMONG MILLENNIALS
Clinton Dominates Among Younger Voters
3 days ago
THE DETAILS

In an election between two candidates around 70 years of age, millennials strongly prefer one over the other. Hillary Clinton has a 47%-30% edge among votes 18 to 29. She also leads 46%-36% among voters aged 30 to 44.

Source:
NEW POLL SHOWS TROUBLE FOR TRUMP
Clinton Leads Trump Among Latinos by Nearly 70 Points
3 days ago
THE DETAILS

According to an online tracking poll released by New Latino Voice, Hillary Clinton leads Donald Trump among Latino voters, attracting support from 81 percent of Latino voters, to just 12 percent support for Trump. The results of this poll are consistent with those from a series of other surveys conducted by various organizations. With Pew Research predicting the 2016 electorate will be 12 percent Hispanic, which would be the highest ever, Trump could be in serious trouble if he can't close the gap.

Source:
×