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Two Koreas say to resume operations at shuttered factory park

World News

14-08-2013 | 06:51

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Two Koreas say to resume operations at shuttered factory park

South and North Korea agreed on Wednesday to resume operations at their troubled joint industrial park after a series of talks on the fate of the rivals' last symbol of economic cooperation.

A joint statement said the two countries had agreed to cooperate to restart Kaesong industrial zone and prevent another shutdown. It did not give a date.

In April, the North pulled its 53,000 workers out of the park at the height of nuclear tensions between the two sides, with the North threatening the United States and the South with attack.

Reclusive North Korea, for which Kaesong has been a rare source of hard currency, and the South, one of the richest countries in the world, are technically still at war as their 1950-53 civil conflict ended not in a treaty but a mere truce.

REUTERS

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