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Koreas Reach Deal to Open Gaeseong Park on Monday

Written: 2013-09-11 11:43:16Updated: 2013-09-11 19:33:45

Anchor: The inter-Korean industrial complex in North Korea will reopen next week some five months after it shut down. The deal between Seoul and Pyongyang to restart the factory park will provide compensation for South Korean firms suffering financially from the closure, and allow South Korean workers easier access to the complex.  
Our Bae Joo-yon has more.
 
Report: South and North Korea have agreed to resume the operation of the Gaeseong Industrial Complex on Monday.
 
The agreement was reached after marathon talks from Tuesday morning to Wednesday morning at the inter-Korean factory park in the North.
 
The park’s operations will resume 136 days after South Korean workers had to leave the complex.
 
At the second meeting of their joint management committee for the Gaeseong Complex, the two Koreas also adopted a joint statement to establish a committee secretariat with plans to launch it this month.
 
Under the accord, the two Koreas also agreed to hold an investment promotion event in mid-October for foreign companies operating in the South so they can join the industrial complex.
 
The deal will also allow South Koreans to enter the complex at all times daily, and exempt taxes due this year for South Korean firms hit hard by the closure at Gaeseong.
 
The two sides agreed to hold further talks on unpaid wages for North Korean laborers.
 
On April third, North Korea blocked the cross-border route to the Gaeseong Industrial Complex in protest of a South Korea-U.S. joint military exercise. Six days later, North Korean workers did not show up for work at the Gaeseong park and operations ground to a halt.
 
South Korean workers at the industrial park held their ground for more than three weeks even after food supplies ran low. But they were forced to withdraw on May third in line with Seoul’s decision to pull out all South Koreans in the complex.
 
Bae Joo-yon, KBS World Radio News. 

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