About the Author
Ha-young Choi
Ha-young Choi was an NK News correspondent based in Seoul. She studied Korean history, mainly focusing on modern Korean history at Korea University. Follow her on twitter @Hy_Choi0826
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Evergreen Businessman: KIC closure hammers S.Korean SMEsNo government compensation for 5,000 Kaesong-affiliated companies not based in complex
The beginning of 2016 was full of hope for Lee Byoung-chul, president of Sukji Solution, a children’s clothing company. Lee, who would provide raw materials to the Kaesong Industrial Complex (KIC) and deliver the finished products to bigger companies, was particularly heartened when China started allowing two children per household and an FTA between China and South Korea was signed. Then came the Chinese New Year’s holiday, with the sudden closure of the KIC on February 10 and the deportationof South Koreans the next day, and Lee’s hopes, along with the contracts he had anticipated from Chinese companies, were © Korea Risk Group. All rights reserved. |