North Korea declared that it will deport South Korean citizens from the Kaesong Industrial Complex (KIC) by 5:30 p.m. Thursday, which is 5 p.m. for Pyongyang time, the Yonhap News Agency reported.

All the assets in the complex will be frozen, and North Korea has declared the region a “military control area.” The military channel between two Koreas and the Panmunjeom channel will also be closed, according to Yonhap’s report.

“The most precious goal of my life, which I’ve devoted myself to for the most valuable time of my life is ruined,” a businessman who had operated a venture in Kaesong told NK News