KAESONG FACTORY-APARTMENT OPENS NEW DOORS FOR INTER-KOREAN COOP.

AsiaPulse News | October 23, 2007 | Copyright

KAESONG, North Korea, Oct 23 Asia Pulse - A newly opened factory-apartment at the Kaesong Industrial Complex promises fresh possibilities for inter-Korean business cooperation, the developer of the facility said Tuesday.

The state-run Korea Industrial Complex Corp. (KICOX) said the dual-purpose manufacturing and residential facility is specifically designed for small and medium enterprises (SMEs) that are currently being phased out of South Korea due to the lack of workers and high labour costs.

At the formal opening ceremony of the factory-apartment, KICOX ...

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