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S. Korea Proceeds with Second Kaesong Industrial Complex
Second Kaesong
S. Korea Proceeds with Second Kaesong Industrial Complex
  • By matthew
  • February 5, 2014, 07:45
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Model Industrial Complex factories in Kaesong (Gaesong) Industrial Area. (photo courtesy of Mimura/Wikimedia Commons)
Model Industrial Complex factories in Kaesong (Gaesong) Industrial Area. (photo courtesy of Mimura/Wikimedia Commons)

 

Kim Ki-moon, chairman of the Korea Federation of Small and Medium Business, says Haeju or Nampo would be more appropriate places for another industrial park in North Korea on February 4.Kim Ki-moon, chairman of the Korea Federation of Small and Medium Business, commented on the second Kaesong Industrial Complex (KIC) during the February 4 meeting with reporters at the 63 Building in Seoul. 

He said, “The Najin-Sonbong Special Economic Zone that North Korea recommended has shortcomings. Its logistics environment is not good, and the power supply is not smooth, either.” The Chairman added, “In the mid-long term, Haeju or Nampo would be a more appropriate place.”

His specific mention of the two cities is due to the fact they have competitive edges such as their proximity to KIC and a lot of people that are available for jobs in the region.