Research Article Open Access

An Economic Perspective of Kaesong Industrial Complex in North Korea

Seok Yoon1
  • 1 ,
American Journal of Applied Sciences
Volume 4 No. 11, 2007, 938-945

DOI: https://doi.org/10.3844/ajassp.2007.938.945

Submitted On: 12 June 2007 Published On: 30 November 2007

How to Cite: Yoon, S. (2007). An Economic Perspective of Kaesong Industrial Complex in North Korea. American Journal of Applied Sciences, 4(11), 938-945. https://doi.org/10.3844/ajassp.2007.938.945

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.

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Keywords

  • Economic Effect
  • Industrial Complex
  • North Korea Economic Cooperation