According to Business Week German auto parts manufacturer, Prettl, became the first non-Korean firm to start building a plant inside a joint inter-Korean factory complex in North Korea–breaking ground Wednesday. Kim Min-kyung with the Kaesong Industrial District Management Committee claims the factory will be open in December and employ 550 North Koreans.
Other facts:
Two Chinese companies also signed contracts last year to run factories in the area but have not started construction, Kim said.
A total of 69 South Korean companies are currently operating in the zone, employing some 23,220 North Korean laborers, according to the management committee.
The full article can be found here:
German firm breaks ground in North Korea
Business Week
3/5/2008
