Two Koreas fail to agree on date to resume Gaeseong Complex operations
The two Koreas on Monday have failed to agree on WHEN to resume operations at the Gaeseong Industrial Complex in their first meeting of a joint committee set up for better management of the business park.
Instead, the two sides decided to hold the committee's second meeting next Tuesday, on the 10th, to settle a date to resume business at the complex.
The issue was what dragged the meeting out, which lasted for more than 12 hours.
While the North wants business at the park to restart as soon as possible, South Korea has taken a rather cautious stance.
A government official in Seoul explained, that the South Korean government wants to set up regulatory measures and restore the military hotline in the West Sea before the resumption of operations to prevent another abrupt shutdown of the complex in the future.
The two Koreas promised to carry on with discussions within the four divisions set up under the committee before the next committee meeting, to come up with ways to strengthen business regulations and normalize the complex.
The divisions of investment protection and global competitiveness are scheduled to meet on Wednesday, while the divisions in charge of the entry and exit of South Korean workers and communications will meet on Thursday.
Experts predict, should talks within these divisions go well, the two Koreas will likely be able to agree on a specific date to restart operations at the park in their next committee meeting.
The two sides will also continue negotiations on how to compensate the losses of South Korean companies during the sudden closure of the complex earlier this year.
Eoh Jin-joo, Arirang News.
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