Asia-Pacific News

North Korea and South Korea hold talks on industrial park

Jul 2, 2009, 5:16 GMT

Seoul - South and North Korea on Thursday resumed their talks on the future of the Kaesong industrial park, an official said. The talks centred on North Korea's demand for several hundred million dollars for the continued use of the jointly run industrial park in the border city of Kaesong. The first session of the talks took place on Thursday morning, a spokesman for the Ministry of Unification in Seoul said. The future of the complex, which is financed by South Korea, is uncertain due to rising political tensions. Negotiation on the facility two weeks ago produced no result. North Korea unilaterally cancelled all the contracts concerning the Kaesong industrial park in May. It then demanded a massive increase in the fee for leasing the complex and in wages for the North Korean workers employed there. Tensions in the region have risen due to the launch of a North Korean rocket in April and the country's second nuclear test on May 25.

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