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N. Korea urges South evacuation, warns of nuclear war

 

This file photo taken and released by North Korea's official Korean Central News Agency (KCNA) on March 29, 2013 shows, according to KCNA, North Korean leader Kim Jong-Un discussing the strike plan with North Korean officers during an urgent operation meeting at the Supreme Command in an undisclosed location. AFP
 

Turnover in 2012 was reported at $469.5 million, with accumulated turnover since 2004 standing at $1.98 billion.

South Korean President Park Geun-Hye said the North's action was "very disappointing" and displayed a total disregard for investment norms that would return to haunt Pyongyang in the future.

"If North Korea, under the full eyes of the international community, breaches international rules and promises like this, then there will be no country or company which will invest in North Korea," Park said.

Pyongyang has blocked South Korean access to Kaesong since Wednesday, forcing 13 South Korean firms to halt production.

Yu Chang-Geun, vice president of the association representing the South's companies, said operations would have to be normalised swiftly to prevent permanent collateral damage.

"All firms have reached their limit. If things go on like this, all of us will face bankruptcy," Yu said.

Announcing the suspension of operations, Kim Yang-Gon said Kaesong's future was entirely dependent on "the attitude of the South Korean authorities".

The North has indicated that South Korean media reports that it would never dare close Kaesong had affronted Pyongyang's "dignity".

It also took particular exception to comments by the South's defence minister last week that Seoul had a "military" contingency plan to ensure the safety of its citizens in Kaesong.

More than 300 South Koreans have left Kaesong and returned to the South since North Korea banned access last week.

Of the 475 remaining, the Unification Ministry said 77 had signed up to leave on Tuesday.  AFP

 

 

 

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