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 »
ASSAILS FORMER PRESIDENT, STAFF
Trump: Obama Likely Behind Leaks
33 minutes ago
THE LATEST
PARTY UNITY
Perez to Be Ellison’s Guest at Trump’s Speech
1 hours ago
THE LATEST

Only three days removed from their race for the Democratic National Committee chairmanship, Rep. Keith Ellison and former Labor Secretary Tom Perez are burying the hatchet at President Trump's address to Congress. Late Monday afternoon, Ellison announced that Perez, who defeated him for the DNC job, will be his guest at the speech. "I look forward to joining Keith in the days and months ahead to show the American people that we stand with them against Donald Trump and his billionaire boys club that couldn't care less about the plight of working people," said Perez.

WOULD HAVE BROUGHT MORE WATERWAYS UNDER FEDERAL CONTROL
Trump to Sign Order Undoing Obama Water Rule
1 hours ago
THE DETAILS
RSC OPPOSITION
House Conservatives Balk on Obamacare Replacement
7 hours ago
THE LATEST

"The chairman of the influential Republican Study Committee said Monday he would vote against a draft ObamaCare replacement bill that leaked last week. Rep. Mark Walker (R-NC), head of the 172-member committee, said Monday his opposition stems from the draft bill's use of refundable tax credits." He said the current plan simply "kicks the can down the road" rather than attempt any real reform.

Source:
ENLISTS THEIR HELP IN REPEAL/REPLACE
Trump Meets with Health Execs
7 hours ago
THE LATEST
×
×

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