Kaesŏng

The Kaesong Industrial Region or Kaesong Industrial Zone is a special administrative industrial region of North Korea. It was formed in 2002 from part of the Kaesong Directly-Governed City. On February 10, 2016, it was temporarily closed by the South Korean government and all staff recalled by the Park Geun-hye administration, although the incumbent President of South Korea, Moon Jae-in, has signalled his desire to "reopen and expand" the region.
Its most notable feature is the Kaesong industrial park, operated as a collaborative economic development with South Korea. The park is located ten kilometres north of the Korean Demilitarized Zone, an hour's drive from Seoul, with direct road and rail access to South Korea. The park allows South Korean companies to employ cheap labour that is educated, skilled, and fluent in Korean, whilst providing North Korea with an important source of foreign currency.
As of April 2013, 123 South Korean companies were employing approximately 53,000 DPRK workers and 800 ROK staff. Their wages, totalling $90 million each year, had been paid directly to the North Korean government.
Show lessRead more
Wikipedia

Discover this place

15 items
Translate with Google
Home
Explore
Nearby
Profile