North Korea freezes assets, accuses South of declaring war after factory shutdown
World
North Korea freezes assets, accuses South of declaring war after factory shutdown
An already-tense situation at the border of North and South Korea flared up Thursday as South Korea pulled out of a jointly run industrial zone in Kaesong. As trucks loaded with equipment and goods crossed back into South Korea, North Korea reacted by ordering a military takeover of the factory park that was the last major symbol of cooperation with the South Korea. The North expelled all South Korean workers from the industrial zone and froze the assets of companies operating there. The rogue nation also called the South’s decision to suspend operations at the zone a “declaration of war.”
Unpardonable is the puppet group’s act of totally suspending the operation in (Kaesong), finding fault with the DPRK’s H-bomb test and launch of a satellite.
Statement from North’s Committee for the Peaceful Reunification of Korea, referring to South Korea
Seoul suspended operations in Kaesong as punishment for the North’s weekend rocket launch of a satellite. Halting activity at the park, where 124 South Korean companies employed about 55,000 North Koreans, cuts the last significant vestige of North-South cooperation — a rare opportunity for Koreans divided by the 1950-53 war to interact on a daily basis.
