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NK Insurer Covers Gaesong Car Accidents

Written: 2006-11-25 13:38:02Updated: 0000-00-00 00:00:00

A North Korean insurance company is known to have paid for two car accidents that happened at the North's Gaesong Industrial Complex last September.

The Unification Ministry in Seoul said Saturday that in July, a bus belonging to the North Korean committee managing the complex collided with a car owned by South's Korea Land Corporation within the complex.

The North Korean bus was insured by a North Korean firm and the South Korean vehicle had a policy in the South.

The land corporation requested more than a million won in insurance payments from the North Korean insurance firm, which paid 840-thousand won, or some nine hundred dollars, recognizing that the committee's bus was 80 percent responsible for the accident.

This wasn't the first accident involving South and North Korean vehicles. The insurer paid out 14-hundred dollars last month after another committee vehicle hit a car owned by Hyundai Asan in September.

A ministry official says that car accidents within the complex are dealt with the same as if they were to happen in the South.

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