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Kaesong output increases 150 pct: Unification Ministry

All Headlines 18:16 December 28, 2007

SEOUL, Dec. 28 (Yonhap) -- The total output of a South Korea-built industrial complex in North Korea's border town of Kaesong totaled over US$180 million this year, shooting up 150 percent from a year ago, Seoul's Unification Ministry said on Friday.

"The total production by businesses at the Kaesong industrial complex recorded an estimated $185 million this year, up about 150 percent from $74 million last year," the ministry said in a press release.

The increase mainly comes from an increase in the number of South Korean businesses operating in the joint industrial complex -- from 19 at the beginning of the year to 65, the ministry said.

The amount of goods from the joint industrial park shipped overseas also doubled year-on-year, according to the ministry.

A key symbol of reconciliation between the divided Koreas following the historic summit of their leaders in 2000, Kaesong currently employs over 22,000 North Korean workers.


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