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Experts divided on pulling out of inter-Korean Kaesong Industrial Complex

18h ago
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개성공단 전면 중단으로 인한 효과 전문가 분석 So what's the experts' reaction to the latest developments at the Kaesong Industrial Complex? Most believe it'll have a significant impact on North Korea's finances,... but they also think it'll come at a heavy cost to the South as well. Kim Ji-yeon with the details. Local experts are divided about the impact of Seoul's move to pull out of the inter-Korean joint industrial park in Kaesong. Some say the move will send a clear message to the international community, showing South Korea's commitment to stop North Korea's nuclear armament program. "The world takes its cues from South Korea. And if the South Koreans are not reacting as strongly as possible to the North Korean armament program, you can't really expect the rest of the world to do it." The amount North Koreans have earned from the joint industrial park in Kaesong is around 515-point-2-million U.S. dollars... which equals to about 20-percent of the total costs of Pyongyang's nuclear armament program. But other experts say the stakes from the latest move are too high for the South Korean economy. "More than 95-percent of goods produced in the complex are currently sold and distributed to the South Korean consumer market. This is why the government's move will not only affect the complex's 124 local business entities but also some 5-thousand South Korean subcontractors, mostly small-and-medium-sized local companies." The expert from the Hyundai Research Institute said South Korean businesses have raised a combined 2-point-2-billion dollars in sales from 2005 to 2013. The same researcher added that Pyongyang could find other ways to earn cash such as exporting laborers to other countries like China. Thus, he emphasized the importance of China's participation in imposing stronger sanctions on North Korea. More than 8-hundred South Koreans and nearly 54-point-8-thousand North Koreans were employed in the joint industrial park in Kaesong... the last remaining symbol of inter-Korean economic cooperation, since it was launched in 2003. Kim Ji-yeon, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld