http://www.nkeconwatch.com/2009/04/28/kaesong-update-deteriorating-relations-and-trade/ News and analysis of the North Korean economy Thu, 09 Feb 2012 18:43:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.nkeconwatch.com/2009/04/28/kaesong-update-deteriorating-relations-and-trade/#comment-186969 DPRK Forum Fri, 19 Mar 2010 02:56:41 +0000 http://www.nkeconwatch.com/2009/04/28/kaesong-update-deteriorating-relations-and-trade/#comment-186969 [...] That is why I question all the other investments going on there, and wonder why anybody would be nutty enough to try and invest there. Sure, the regime may have all kinds of pretty pictures and boast lucrative incentives, but there is the promise and the reality. Will the tours continue at some point in the future? Sure, probably under the regime’s terms unless somebody changes their mind, which does not look like it is going to happen. Then leaves the question of Kaesong, where talks have soured over wages, and a Hyundai worker was detained (and later released). [...] [...] That is why I question all the other investments going on there, and wonder why anybody would be nutty enough to try and invest there. Sure, the regime may have all kinds of pretty pictures and boast lucrative incentives, but there is the promise and the reality. Will the tours continue at some point in the future? Sure, probably under the regime’s terms unless somebody changes their mind, which does not look like it is going to happen. Then leaves the question of Kaesong, where talks have soured over wages, and a Hyundai worker was detained (and later released). [...]

]]> http://www.nkeconwatch.com/2009/04/28/kaesong-update-deteriorating-relations-and-trade/#comment-138201 North Korean Economy Watch » Blog Archive » 2009 bad year for Kaesong Zone Sat, 16 May 2009 15:59:21 +0000 http://www.nkeconwatch.com/2009/04/28/kaesong-update-deteriorating-relations-and-trade/#comment-138201 [...] UPDATE 4/27/2009: The South Korean government announces that if the North unilaterally files formal charges against a detained South Korean worker it will require each South Korean border crosser to obtain a written guarantee of his safety from Pyongyang before leaving South Korea. This would effectively prevent South Korean managers from entering the Kaesong Zone and would likely bring an end to operations there. (read more here)  [...] [...] UPDATE 4/27/2009: The South Korean government announces that if the North unilaterally files formal charges against a detained South Korean worker it will require each South Korean border crosser to obtain a written guarantee of his safety from Pyongyang before leaving South Korea. This would effectively prevent South Korean managers from entering the Kaesong Zone and would likely bring an end to operations there. (read more here)  [...]

]]>