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North,South Korean officials agree to reopen Kaesong

North and South Korea agreed early on Sunday (July 7) to take steps to reopen a jointly run industrial park, including facilities inspections, after the two rivals staged a marathon meeting lasting more than 16 hours to arrange details. The talks at the truce of village of Panmunjom, where the armistice was signed in the 1950-53, were held on Saturday (July 6), and intended to find a way to restart operations of the Kaesong Industrial zone, a rare source of hard currency for the impoverished North. North Korea closed the factories in April, withdrawing all of its 53,000 workers and banned South Korean firms from crossing the border with supplies and managers at the height of tensions between the two countries. Under the agreement, the two sides will conduct inspections of the facilities on Wednesday (July 10) and let South Korean businessmen retrieve finished goods and raw materials. The two Koreas also agreed to later discussions to prevent future shutdowns of

© DailyMotion -


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