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South Korean companies plan to take out industrial equipment of the Kaesong complex

July 03, 2013, 14:23 UTC+3
The move reflects the growing impatience of investors from South Korea in connection with the closing by DPRK of their enterprises in the industrial park
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Photo ITAR-TASS

Photo ITAR-TASS

SEOUL, July 3. /ITAR-TASS reporter Vladimir Kutakhov /. The representatives of South Korean companies plan to take out all the remaining production equipment from the inter-Korean industrial complex in Kaesong /border with North Korea/ in case of continuation of the current deadlock situation. It was said in a joint statement released today by 46 enterprises operating in the field of engineering and electronic components manufacturing.

According to Yonhap news agency, the move reflects the growing impatience of investors from South Korea in connection with the closing by DPRK of their enterprises in the industrial park, which until recently was the only example of economic cooperation between Seoul and Pyongyang.

The South Korean companies also asked the authorities of the two countries to provide all necessary conditions for the removal of equipment, as well as restore the military communication "hot line".

The owners said they have repeatedly asked to allow the entry of a minimum number of their employees in the Kaesong complex to maintain and repair equipment, but their requests were not satisfied. "Companies will be able to survive and continue the business only if they move their industrial facilities /from Kaesong /", said Kim Hak Gwon, a representative of the South Korean manufacturers.

In total, 123 companies from South Korea have established consumer goods manufacturing in the Kaesong complex. Over 53 thousand North Korean workers were employed on these production plants.

 

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