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S Korea allows businesspeople to visit North factory park

AP  |  Seoul 

South has decided to allow its businesspeople to visit their factories at an industrial park in North that was shut down by Seoul's previous conservative government in 2016 following a North Korean nuclear test.

Lee Sang-min, of Ministry, said Friday that the government plans to discuss with North Korean officials details for the visits to the facilities at the North Korean border town of Kaesong, where the Koreas also operate a liaison office.

The announcement came amid a slowdown in inter-Korean engagement following the collapse of a high-stakes nuclear summit between North Korean leader and in February over mismatched demands in sanctions relief and nuclear disarmament.

Lee said that the ministry decided to allow the visits by 193 businesspeople so that they could examine the and other property they left behind in the North. He downplayed speculation that was trying to build momentum toward reopening the factory park, which provided badly needed cash for the North before its closure in February 2016.

has since demanded break away from and resume operations at the factory park and South Korean tours to the North's resort that are held back by US-led sanctions against the North.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 15:15 IST