Today: MIAMI HERALD - South Korea: Factories that ran on Korean cooperation go silent, Apr 09, 2013

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Apr 9, 2013

MIAMI HERALD - South Korea: Factories that ran on Korean cooperation go silent, Apr 09, 2013


"BY YOUKYUNG LEE AND KIM YONG-HO ASSOCIATED PRESS PAJU, South Korea -- A factory complex that is North Korea's last major economic link with South Korea was a virtual ghost town Tuesday after Pyongyang suspended its operations and recalled all 53,000 of its workers as part of its recent war-like posturing. The work stoppage at the Kaesong industrial complex, the biggest employer in the North's third-biggest city and a source of much-needed hard currency, shows that Pyongyang is willing to hurt its own shaky economy in order to display its anger with South Korea and the United States. Only a few hundred South Korean managers remained at the facility, which has been run for the past decade with cheap North Korean labor and South Korean capital and know-how. The managers have not been forced to leave the complex, located just north of the Demilitarized Zone."
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