May 19, 2024

A year on from KIC closure, two CEOs struggle to rebuild their businesses

Park Yong-man and Lee Joung-deok look back on the shock closure one year on

“Right now, I feel like I could just smash my head to death with a rock,” Park Yong-man, CEO of a business based at the Kaesong Industrial Complex (KIC), told NK News just a few hours after Seoul shut down the plant on the afternoon of February 10, 2016.

“I am exploding with anger... I have spent my most precious years – over a decade – establishing my company at the KIC, now it is all gone.”

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