Hopes fade for revival of joint Korean industrial zone

Date:

Share post:

spot_imgspot_img

Seoul: North and South Korea held fresh talks on Wednesday on reopening their joint industrial zone, with low hopes of an early agreement following months of friction. A fourth round of talks over the complex, a rare symbol of cooperation between the two rivals, took place just across the border in the North.

Three previous attempts this month all ended in deadlock. “The weather is not so bad today. Do you think we will have good results today?”, the North’s chief delegate Pak Chol-Su said at the start of the talks. “I hope we’ll be able to build a house that can stand against any gusts of wind or pouring rains”, his South Korean counterpart Kim Ki-Woong replied, according to media pool report. At a meeting earlier this month, the two sides agreed in principle to reopen the estate, where 53,000 North Koreans worked in 123 South-owned factories producing textiles or light industrial goods. But little progress has been made since then amid squabbles over which side will take responsibility for the suspension, and Pyongyang’s refusal to accept Seoul’s demand for firm safeguards against another unilateral shutdown. Seoul also wants to allow foreign firms to operate in Kaesong in an apparent bid to make it more difficult for Pyongyang to shut the estate if relations worsen. (PTI)

spot_imgspot_img

Related articles

PoK unrest: Mirwaiz Umar Farooq expresses deep anguish over loss of lives

Srinagar, July 15: Senior religious leader and chief cleric of Kashmir, Mirwaiz Maulana Umar Farooq, on Wednesday expressed...

Cabinet okays Rs 10,998 crore project for 43 km link corridor to decongest Varanasi

New Delhi, July 15: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday...

Strong case for India and Belgium to engage more: EAM Jaishankar

Brussels, July 15: External Affairs Minister (EAM) S Jaishankar said on Wednesday that the international situation wants nations...

Over 100 rescued after massive fire breaks out in Noida building; two critical

Noida, July 15: A major fire broke out at a five-storey building in Mamura village under the Phase...