Further unraveling a project that’s been a sign of cooperation, North Korea is ordering all South Koreans from a jointly run industrial complex, after South Korea announced it would suspend work there in retaliation for Pyongyang’s recent missile launch and nuclear test.
North Korea is also freezing all assets related to the Kaesong Industrial Complex and cutting two communications hotlines between the neighboring countries.
From Seoul, reporter Haeryun Kang tells our Newscast unit:
“Kaesong is inside North Korea, just six miles north of the border. The industrial park is a joint project between the two Koreas. As of 2015, there were around 55,000 North Koreans working at over 100 South Korean companies. Seoul estimates that more than half a billion dollars flowed into the North since the park opened in 2004.”
On Thursday, North Korea gave the 3,000 South Koreans who work at the facility less than a day’s notice to leave, setting a deadline of 5:30 p.m. local time, The Korea Herald reports. The order demanded that they take only personal items with them when they leave.
As Yonhap News reports, the industrial complex has been a pawn in the two countries’ relations before:
“In April 2013, the North shut down the complex for about four months, citing what it called heightened tensions sparked by a military drill between Seoul and Washington. In February of that year, the North conducted its third nuclear test.
“The two Koreas agreed not to shut it down again “under any circumstances” when they decided to reopen it.”
For the businesses involved, that closure in 2013 resulted in more than $580 million in losses — a figure that could be eclipsed by the current shutdown, reports the Chosun Ilbo.