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On 26 April 2013, South Korea decided to withdraw all remaining staff, [25] and on 4 May, the last seven South Koreans left the Kaesong Industrial Region, which thus was completely shut down. [26] On 4 July, both countries agreed in principle that the Kaesong Industrial Park should be reopened, as tensions between the two began to cool. [27]
North Korea also used to operate Kaesong Industrial Region in conjunction with South Korea from 2002 until 2016. The State Academy of Sciences operates a special economic zone near Unjong Park in the northern suburbs of Pyongyang. [42] North Korea designated over a dozen new special economic zones in 2013 and 2014. [43]
An industrial region or industrial area is a geographical region with extremely dense industry. It is usually heavily urbanized . Panorama of North Korea 's Kaesong Industrial Region.
The city is near the Kaesong Industrial Region close to the border with South Korea and contains the remains of the Manwoldae palace. Called Songdo while it was the ancient capital of Goryeo, the city prospered as a trade centre that produced Korean ginseng. Kaesong now functions as North Korea's light industry centre.
Formerly part of the Kaesong urban area, the county was merged with North Hwanghae when Kaesong was demoted in 2003. However, it was returned to Kaesong Special City in 2023. [2] [a] The county sits northeast of Kaesong city and borders Kumchon, Tosan, Kaesong city, and the Kaesong Industrial Region.
Development there, along with the Kaesong industrial zone, had been the major economic projects of, and a token of rapprochement between, the governments on the peninsula split by the 1950-53 ...
Retrieved from "https://en.wikipedia.org/w/index.php?title=Kaesong_Industrial_Complex&oldid=153962034"https://en.wikipedia.org/w/index.php?title=Kaesong_Industrial
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