South Korean firms previously operating in the Kaesong Industrial Complex have received over 376 billion won in compensation from the government since the sites closure closure, the Ministry of Unification (MoU) announced on Monday.

The compensation, which is the equivalent of over 340 million U.S. dollars, follows the February 10 closure of the joint North-South run complex at which 124 South Korean companies were active.

“As of yesterday (9.4), a total of 376.7 billion won has been delivered to the GIC companies, which is a 74 percent execution rate out of the total budget scale,” MoU Spokesperson Jeong Joon-Hee said,