Kaesung Industrial Complex in North Korea research paper

Kaesung Industrial Complex in northwestward Korea - Research Paper Exampleplex is a result of the campaign to improve relations between South Korea and North Korea made by Hyundai Group beginning in 1998 that coincided with the Republic of Koreas policy (Manyin 5). In summing up to this, several dozen South Korean companies had facilities there which include chemical, machinery, textile and electronics factories (Britannica.com). Most of the employees are from North Korea, but still, there are people from southerly part too and all together they create a cheap labor for the South. Moreover, it is a duty-free zone that has no restrictions on the use of impertinent currency or credit cards (Manyin 6). However, the political situation also plays an important role in the relationships between two countries. For lawsuit, the deteriorating inter-Korean relations in 2013 take to both countries withdrawal of their employees from the industrial zone. Furthermore, this city is an importa nt cultural and educational center. There were many tombs, palaces and temples which were destroyed during the war, but hopefully many of them were restored and were designated a UNESCO foundation Heritage site in 2013 (Britannica.com).The Kaesong Industrial Complex (KIC) is an economic enterprise in which companies of southern Korea have set up factories in a North Korean enclave ten miles north of the demilitarized zone. Although, it is a way for South Korean companies to use cheap labor from North Korea for low-end products. The president Roh Moo-hyun who was a liberal, essay to get to Kaesong economically viable. He provided the foreign markets with goods which were produced in the complex. In addition to this, his administration made a lot of attempts to gain a duty-free status for products of Kaesong. Roh tried to place the language in the KORUS FTA. The United States refused to include this language in the agreement because it would give certain benefits to North Korean re gime. It is actually the last example of the inter-Korean cooperation projects. Their relations