25 pct of Kaesong-made goods exported this year, ministry says

Yonhap
6/10/2007

Products made in an inter-Korean industrial park in the first four months of the year were valued at US$48.1 million, about 24 percent of which, or $11.3 million worth of products, were exported, South Korea’s unification ministry said Sunday.

Last year’s comparable figure during the cited period was 18.4 percent, or $2.3 million, according to the ministry.

The industrial complex, located in the North Korean border city of Kaesong, is one of two flagship projects the South operates with the North in the spirit of reconciliation that developed following the historic inter-Korean summit in 2000.

Over 13,000 North Korean workers are currently employed by 22 South Korean companies there. They produce garments, utensils and other labor-intensive goods.

The biggest importer of Kaesong-made goods was the European Union (EU), followed by China, Russia and Australia.

The ministry did not give figures on how many goods made in the industrial park the countries imported.

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One Response to “25 pct of Kaesong-made goods exported this year, ministry says”

  1. Exporting Kaesong Products: But to Where at DPRK Studies Says:

    […] Recent Comments • Health of North Korean Leader Kim Jong-il Rumored to Worsen  12 Fulcrum, Sonagi, Richardson […] • Update 3 on the North Korean Boat Defectors to Japan  3 Richardson, ghola, ghola • Marine Artists  2 Richardson, Alcibiades • British American Tobacco Co. Leaving North Korea  2 Richardson, Jack • Various Posts on the Koreas  2 Richardson, Sonagi • Middle-aged Woman a Dead-ringer for Mao Zedong  5 Rhea, Richardson, Hamilton […] • Missing the Iraq-Korea Point   28 usinkorea, Sonagi, usinkorea […] Asides »  From Yonhap: “Products made in an inter-Korean industrial park in the first four months of the year were valued at US$48.1 million, about 24 percent of which… were exported… Last year’s comparable figure during the cited period was 18.4 percent… The ministry did not give figures on how many goods made in the industrial park the countries imported. (h/t NK Econ Watch) Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. […]


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