American Journal of Applied Sciences

An Economic Perspective of Kaesong Industrial Complex in North Korea

Seok Yoon

DOI : 10.3844/ajassp.2007.938.945

American Journal of Applied Sciences

Volume 4, Issue 11

Pages 938-945

Abstract

Constructing of Kaesong industrial complex in North Korea is led by private enterprises such as Hyundai group, under the agreement of two Korean governments. So far the constructing of Kaesong industrial complex operates well with the agreement of ‘Inter-Korean Economic Cooperation Promotion Committee’. There are some grounds that should be preceded for Kaesong industrial complex in North Korea to get the political safety and economic prosperity as follow; First, South Korea should improve a system and provide supportive policies to simplify investment processes and to strengthen that of stability. Second, the North should make an effort to ease political and military tensions in Koreas in order to give freedom of economic activities in Kaesong industrial complex.

Copyright

© 2007 Seok Yoon. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.