North Korea refused on Saturday to lift a ban on South Koreans accessing their companies in a joint industrial zone on the North side of the border. Entry to the Seoul-funded Kaesong complex has been barred since Wednesday, as inter-Korean tensions have risen to their highest level for years. A few trucks with supplies and raw materials had optimistically turned up early at the border crossing to Kaesong, but turned back after being told the North Korean side was still not allowing any people or vehicles to cross. South Korean managers have warned that the blocking of raw materials and personnel movement could force them to shut their Kaesong operations in a matter of days. Pyongyang has allowed those South Koreans still inside Kaesong to leave, and 92 crossed back to the South on Saturday, leaving 516 South Koreans in the complex, the South's Unification Ministry said. Korean Unification Minister Ryoo Kihl-Jae said Friday that Seoul would consider pulling its citizens out of Kaesong if their situation becomes untenable. Pyongyang has already threatened to pull out its 53,000 workers hired by 123 South Korean companies there and shut the whole complex down. Kaesong, which lies 10 kilometres (six miles) inside the North, was established in 2004 and is a crucial hard currency source for North Korea.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor