S. Korean tenant firms in despair after liaison office demolished: ‘Our worst fear has turned into reality’

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SEOUL — Tuesday was a devastating day for a group of South Korean businessmen who once ran factories inside the Kaesong industrial park, a now-shuttered joint manufacturing zone in North

Korea’s border city. When Pyongyang blew up the inter-Korean liaison office there, it shattered their last hope of a dramatic breakthrough in cross-border ties that would have allowed their factories to resume operation.

“This is tragic. We are devastated that our worst fear has come true,” Chung Ki-sub, chairman of the Corporate Association of Kaesong Industrial Complex, which represents 124 South Korean companies with factories in the complex, told The Korea Herald. “Reviving the complex now would be extremely difficult, and a complete shutdown could happen.”Now in ruins, the liaison office was established in September 2018 during a detente phase in inter-Korean relations.

On Wednesday, the North warned that it would redeploy troops to the joint industrial park, which was once a military zone, as well as to the Kumgangsan tourist zone on the east coast. It also said it would reinstall guard posts previously removed from the Demilitarized Zone separating the two Koreas, and resume “all kinds of regular military exercises.”

 

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