World

South Korea to provide $270 million in loans to firms shut out of factory park in North Korea

A South Korean vehicle fully loaded with goods and products brought back from North Korea's Kaesong industrial complex arrives at the customs, immigration and quarantine office near the border village of Panmunjom, that has separated the two Koreas since the Korean War, in Paju, north of Seoul, South Korea, Tuesday, April 30, 2013. North Korea on Monday approved the withdrawal of most of the remaining South Korean personnel at a jointly run industrial park in the North, South Korean officials said, with a final seven set to stay behind to negotiate unpaid wages for North Korean workers. (AP Photo/Lee Jin-man)

A South Korean vehicle fully loaded with goods and products brought back from North Korea's Kaesong industrial complex arrives at the customs, immigration and quarantine office near the border village of Panmunjom, that has separated the two Koreas since the Korean War, in Paju, north of Seoul, South Korea, Tuesday, April 30, 2013. North Korea on Monday approved the withdrawal of most of the remaining South Korean personnel at a jointly run industrial park in the North, South Korean officials said, with a final seven set to stay behind to negotiate unpaid wages for North Korean workers. (AP Photo/Lee Jin-man)  (The Associated Press)

South Korea will provide $270 million in emergency loans to help companies affected by the shutdown of a jointly-run factory park in North Korea.

Thursday's announcement comes as seven South Koreans remain in the border town of Kaesong for negotiations over unpaid wages to North Korean workers. It's not clear when those talks will end.

South Korea withdrew the rest of its workers from Kaesong earlier this week after Pyongyang rebuffed a demand for talks over the last remaining symbol of inter-Korean cooperation.

Pyongyang pulled out its 53,000 workers from Kaesong a month ago and banned South Korean personnel and supplies from entering the park.

The pullout came during a North Korean torrent of threats aimed at U.S.-South Korean military drills and U.N. sanctions over Pyongyang's February nuclear test.