North Korea lifts ban on South Korean workers at joint industrial complex
鈥� A summary of global news reports.
After months of failed negotiations and halted operations, North Korea has lifted the ban on South Koreans entering Kaesong Industrial Complex and will hold talks with its southern counterpart over the resumption of activities there. The North鈥檚 offer to negotiate comes just in time 鈥� South Korea was on the cusp of shuttering the plant for good.
The potential reopening of the complex, which symbolized the last vestige of inter-Korean activity, may portend the softening of relations between the two rivals after a year of tensions driven by the North鈥檚 nuclear ambitions.
North Korea鈥檚 offer to restart talks over Kaesong, following six failed attempts between April and July, , reports South Korean Yonhap news agency.聽
The Ministry of Unification said that the North's offer to hold working-level talks on Aug. 14, which would be the seventh round following the failure of the previous six, can be viewed in a positive light.
"Seoul views the latest talks proposal as the North responding to repeated calls for dialogue from Seoul," ministry spokesman Kim Hyung-suk said. "We hope the North will engage in dialogue in an earnest manner that can contribute to the constructive growth of the complex."
According to the Associated Press, North Korea鈥檚 decision to ban South Korean managers and its subsequent withdrawal of workers from the plant was 聽and fresh United Nations sanctions against the North following a nuclear test in February.
The North's announcement came only an hour after South Korea stated it would begin insurance payments to many of the companies locked out of Kaesong, a move widely speculated to spell the end of the joint industrial endeavor.
Officials in Seoul say they are optimistic about the upcoming talks. 鈥淲e hope that the coming talks should settle issues and produce reasonable ways to normalize the Kaesong industrial complex constructively,鈥� said unification ministry spokesman Kim Hyung-seok.
But there is still doubt as to whether Pyongyang will agree to the South鈥檚 demand that it of work at the complex, writes The Wall Street Journal.
The Kaesong Industrial Complex, opened in 2004, is the only last example of inter-Korean cooperation left from a series of joint projects that were initiated when , according to The New York Times. In Seoul, it was the period of "the Sunshine Policy."
Eventually, South Korean firms provided the infrastructure and employed 53,000 North Korean workers to produce consumer goods for the market, whose value in 2012 alone was estimated to be around $470 million.
The talks may also mark a turnaround in relations between the two countries, writes the Times. North Korea鈥檚 most powerful ally, China, has been pushing Pyongyang towards moderation. Moreover, the North is in dire need of cash, as the sanctions and closure of Kaesong have taken their toll on currency reserves.
Kaesong Industrial Complex for North Korea every year, reports Bloomberg.聽鈥淣orth Korea probably couldn鈥檛 ignore the fact the park is a cash cow and feeds not only the 53,000 workers there but also their family members,鈥� Yoo Ho Yeol, a North Korea professor at Korea University, told Bloomberg.聽
