Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

World

North Korea lifts ban on 2 South Korean officials managing jointly-run Kaesong factory park

Associated Press
Published | Updated
aac248b8-

FILE - In this Sept. 16, 2013 file photo, South Korean vehicles leave for the Kaesong Industrial Complex at the customs, immigration and quarantine area of the Inter-Korean Transit Office near the border village of Panmunjom, which has separated the two Koreas since the Korean War, in Paju, north of Seoul, South Korea. North Korea on Friday, Nov. 6, 2015 lifted entry bans it had imposed earlier this week on two South Korean officials involved in managing the jointly-run factory park in the North. (AP Photo/Lee Jin-man, File) (The Associated Press)

SEOUL, South Korea – North Korea on Friday lifted entry bans it had imposed earlier this week on two South Korean officials involved in managing a jointly-run factory park in the North.

Pyongyang didn't offer a clear explanation on why it banned the officials from the Kaesong industrial park on Wednesday or why it decided to allow them to visit again, said Jeong Joon-Hee, a spokesman from Seoul's Unification Ministry. South Korean employees at Kaesong had commuted normally across the border this week.

The factory park, where about 120 South Korean companies also employ more than 53,000 North Koreans, has been a critical source of income for the cash-strapped North since its establishment in 2004, during an era of rapprochement between the rivals.

One of the men allowed back in, Choi Sang-chul, was the vice chairman of Seoul's management committee overseeing the park. He had been involved in negotiations with the North over wages, taxes and fees. Jeong said Choi plans to visit the factory park on Monday.

The countries struggled for several months over wage levels for North Korean workers employed by South Korean companies at Kaesong before agreeing on a 5 percent increase in minimum wage in August.

The two sides are currently negotiating land usage fees that South Korean companies at Kaesong must pay to North Korea for 2015. Under a previous agreement between the countries, South Korean companies at Kaesong were exempted from land usage fees for 10 years through 2014.

The Koreas are still technically at war because the 1950-53 Korean War ended with an armistice, not a peace treaty.