February 22, 2024

Moon pledges major Kaesong Industrial Complex expansion if elected

Expert argues KIC reopening would run contrary to UNSC sanctions

Leading South Korean presidential candidate Moon Jae-in has pledged a significant expansion of the Kaesong Industrial Complex if elected, speaking on Thursday on the occasion of one year since the complete shutdown of the joint operation facilities.

Moon, the former leader of the main opposition Minjoo Party of Korea, said the losses of the companies should be "immediately" compensated and the KIC should be reopened, describing the suspension as an "absurd decision."