The progressive politicians argue that we should engage with North Korea and invest more in such projects as the Gaesong
industrial complex so that North Koreans can find opportunities for employment and South Koreans can make profits from the cheap labor and abundant natural resources that North Korea offers.
They have also decided to set up an inter-Korean joint liaison office in Gaesong
, North Korea.
It also stressed that the two Koreas "agreed to establish a joint liaison office with resident representatives of both sides in the Gaesong
region in order to facilitate close consultation between the authorities as well as smooth exchanges and cooperation between the peoples".
Located near the North Korean city of Kaesong (also spelled "Gaesong
"), 40 miles north of Seoul, the KIC is designed for South Korean companies to employ North Korean workers.
In April 2013, the North took the extreme step of unilaterally barring South Korean workers from entering the Gaesong
Industrial Complex, a symbol of inter-Korean exchanges and cooperation, and withdrawing all of its own workers.
Foreign Minister Bob Carr today welcomed progress in diplomatic talks between North and South Korea, including North Korean guarantees on the Gaesong
Industrial Complex and agreement for further talks on family reunions.
See Gaeseong Gongeop Jigu uihwa gwanri gyujeong [Regulations on Management of Foreign Currency for Gaesong
Industrial Zone], Feb.
North Korea's embarrassment is understandable if the accident works to deter inter-Korean economic cooperation projects in Gaesong
Industrial Complex or even affects Washington's decision to drop it from its list of terrorism sponsors.
Especially, 75 percent of local companies operating in the Gaesong
industrial park had an optimistic outlook for inter-Korean trade, the poll showed.
The group visited Pyongyang, Nampo, Gaesong
, Bammunjom and Myohyangsan, and toured a sewing factory jointly run by North and South Korea, they said.
South Korea on Thursday denied that a liaison office that the two Koreas agreed to open in the North's border town of Gaesong
is related to a possible resumption of the long-suspended operation of a joint economic complex there.
The missile test came one day after Pyongyang expelled 11 South Korean officials from the liaison office at the inter-Korean industrial complex in Gaesong
, just north of the heavily fortified Demilitarized Zone (DMZ) dividing the two Koreas.