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Gov't Launches Task Force to Support Companies in Gaeseong Complex

Written: 2013-04-29 13:25:48Updated: 2013-04-29 16:01:25

Gov't Launches Task Force to Support Companies in Gaeseong Complex

Anchor: President Park Geun-hye told her senior secretaries that no effort should be spared in supporting businesses suffering losses due to the suspended operation of the inter-Korean Gaeseong Industrial Complex in North Korea. The government launched a task force to support the companies as they watch losses mount every day the industrial park sits dormant. Our Kim In-kyung has more.

Report: Following the decision to withdraw all workers from the inter-Korean Gaeseong industrial complex, President Park said Monday that the government should do everything it can to support workers and companies so they don't lose hope.

At a meeting with senior secretaries, Park said people all over the world saw on television how South Korean workers had to leave Gaeseong with their cars strapped down with their products and equipment. She questioned who in the world will now invest in North Korea when agreements burst like bubbles in an instant.

To support companies suffering losses in Gaeseong, the government launched a task force Monday and held its first meeting. The government said it set three principles -- to minimize damage to companies with factories in the complex, to provide them with as much support as possible, and to promptly execute measures decided by the task force.

Minister of the Prime Minister's Office Kim Dong-yeon, who presided over the meeting, said the government has put in a lot of effort to normalize work at the Gaeseong complex, but withdrawing the workers was inevitable in order to protect them. He said the task force will do its best so that companies at the complex can resume business activities, production and sales operations as soon as possible.

Vice ministers of the finance, unification, justice, trade, and security and public administration ministries as well as the Financial Services Commission and the Small and Medium Business Administration participated in the meeting. They discussed ways to reduce financial burdens on companies, including providing loans through the South-North Cooperation Fund and utilizing a state insurance program for inter-Korean businesses.

Kim In-kyung, KBS World Radio News.

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