Breaking News

Two Koreas Happy to Restart Work in Joint Industrial Zone
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

North Korea's ruler begins takes steps towards long-rage attack

On Wednesday, North and South Korea agreed to restart work in the joint industrial zone at Kaesong, which is inside North Korea. It raised the hopes of possible improvement in regional politics, though some see it as the inevitable response from North Korea in the face of sanctions and other pressure it faced this year after threatening to nuke U.S. mainland.

The two countries issued a joint statement announcing that they had agreed to resume work in the Kaesong industrial zone, and expressed their intention to prevent another closure. However, the statement did not mention the date by which work was to resume.

  
What
Where


Park Geun-hye, the South Korean President said she hoped, “today’s talks will be the beginning of a new start of South and North Korea relations.”

During the escalation of tensions this year with war rhetoric from North Korea, the Kaesong industrial zone had been shut down and North Korea threatened to attach both South Korea and the United States.

However, South Korea remains one of the richest countries in the world, and North Korea economically backward. The North is marginalized due to its political ideologies and dynastic rule backed by military, and for the country, the Kaesong industrial zone is one of the most important sources of currency.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The situation is further complicated due to the fact that the 1950-53 civil conflict did not end in a treaty but in a cease war and truce – keeping the countries technically at war between themselves.

The joint statement mentioned the “South and North guarantee the industrial zone’s normal operation … without influence of any kind from the political situation.” The statement also noted that the countries would hold an investor’s event.



Since the launch of the joint industrial zone in 2004, the complex has generated roughly the equivalent of $90 million in wages paid directly into the North Korean agency that manages the Kaesong zone.



 

RELEVANT JOBS

Paralegal

USA-MS-Jackson

We are seeking an experienced personal injury Paralegal to become a part of our team! You will ...

Apply now

Employment Advocate

USA-CA-Pasadena

Legal Authority is at the forefront of the job placement industry. We are looking for an experi...

Apply now

Paralegal / Legal Assistant

USA-IN-Batesville

Salary $12 - $15 an hour Job Type Full-time Qualifications Criminal bac...

Apply now

Litigation Legal Secretary

USA-TX-Amarillo

Full Job Description Downtown law firm has an opening for a litigation legal secretary with a min...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Attorney

USA-NY-Flushing

Flushing office of our client seeks attorney. The candidate will draft, review, negotiate, revise, a...

Apply Now

Insurance Defense Litigation Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks insurance defense litigation assoc...

Apply Now

Attorney

USA-FL-Tampa

Tampa office of a BCG Attorney Search Top Ranked Law Firm seeks attorney with 2-5 years of insurance...

Apply Now

SEARCH IN ARCHIVE

To Top