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Hyun-bi Park
Hyun-bi Park is an NK News contributor based in Seoul.
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News Inter-Korean trade at highest point despite restrictionsKaesong accounts for entire figure, though researcher notes doubts have inhibited facility growth
The amount of trade between the two Koreas hit a record high last year even though only the Kaesong Industrial Complex (KIC) has been operational. According to the Korea International Trade Association (KITA), the amount of exports to the North from the South rose 11 percent to $12.61 billion and imports increased 20 percent to $14.52 billion last year. Due to the North’s recent nuclear test, the South is still controlling access to the KIC, allowing a minimal number of people. “Lifting the restrictions on the KIC is not being discussed as of yet,” the Ministry of Unification (MoU) told NK © Korea Risk Group. All rights reserved. |