South Korea Shuts Down Kaesong Industrial Complex In Response to NK Rocket Launch
This has been something I have been saying for years that the Kaesong Industrial Complex is a cash cow for the Kim regime which further helps them build the very weapons they use to threaten South Korea and the international community with:
South Korea said Wednesday it has decided to “completely” shut down a joint industrial complex in North Korea in response to the North’s recent nuclear test and long-range rocket launch.
The Unification Ministry announced that it will suspend the operation of the Kaesong Industrial Complex in the North’s border city of the same name, the last remaining symbol of inter-Korean reconciliation.
Seoul’s move is part of its “bone-numbing” measures against North Korea’s nuclear test on Jan. 6 and its long-range missile launch earlier this week.
On Sunday, the North launched a long-range rocket carrying a satellite, which Seoul and Washington view as a cover for a banned test of intercontinental ballistic technology.
“Despite our efforts to support the Kaesong complex, the factory zone is seen as being used for North Korea’s development of nuclear weapons and long-range missiles,” Unification Minister Hong Yong-pyo said in a press briefing. “We’ve decided to halt the operation of the Kaesong complex to prevent South Korean money from being funneled into the North’s nuke and missile developments and to protect our companies.” [Yonhap]
You can read the rest at the link, but I think the Park administration has left Kaesong open as something of a bargaining chip to make the North Koreans behave. This clearly has not worked and finally the Park administration has had enough and shut it down.
