An Economic Perspective of Kaesong Industrial Complex in North Korea
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Copyright: © 2020 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.
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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- Economic Effect
- Industrial Complex
- North Korea Economic Cooperation