TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Joint Korean complex ends reconciliation bid

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Friday, May 3, 2013, 9:00 p.m.
 

PAJU, South Korea — The last seven South Koreans stationed at a jointly run factory park in North Korea pulled out Friday, silencing the complex for the first time since it started nine years ago in a seemingly distant era of reconciliation.

The complex in the town of Kaesong, just north of the Koreas' heavily fortified border, was the rivals' only remaining symbol of rapprochement. It had employed more than 53,000 North Korean workers and hundreds of South Korean managers until last month, when Pyongyang started gradually blocking its operations.

The last seven South Koreans left after negotiating taxes and the back salaries of North Korean workers. Their departure leaves the Koreas with virtually no official communication channel.

It also could spell the end of an experiment that many saw as a bridge between the divided Koreas that was meant to help pave the way for a future unified Korea by proving that workers from two polar opposite economic systems could collaborate.

Through both liberal and conservative governments in Seoul, Kaesong survived past tensions, including attacks blamed on North Korea in 2010 that killed 50 South Koreans.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. S&P 500 logs 47th record high close for year
  2. Lower gasoline prices fail to spur consumer spending
  3. Retailers that won’t open on Thanksgiving hope move pays off
  4. Federal agency checking whether Highmark has enough doctors in Medicare plan
  5. Household debt on the rise after 5-year decline
  6. Oil, gas industry tries to keep talent in pipeline
  7. Butler County firm Deep Well Services tackles tough gas wells
  8. Westinghouse to construct colossal nuke plant in Turkey
  9. Housing prices nudge upward as more homes on market
  10. Google applies tech to medical device
  11. Oil prices continue descent, dragging market indexes lower
Subscribe today! Click here for our subscription offers.