North Korea has blown up a joint liaison office with the South near the North’s border town of Kaesong. The move comes just hours after the North renewed threats of military action at the Korean border.
Daily Current Affairs Quiz 2020
Key-Points:
The Kaesong Industrial Complex (KIC) is located inside North Korea just across the demilitarised zone from South Korea.
The project was launched in 2004, largely financed by the South to increase co-operation.
South Korea has said the purpose of the KIC was to develop an industrial park where South Korean companies could manufacture their products using North Korean labour.
The KIC is a duty-free zone, and there are no restrictions on the use of foreign currency or credit cards. No visa is required to enter the complex.
It argued that would help North Korea start to reform its economy, which is in a dire state, and ease tensions between the two Koreas. It is one of the last remaining points of peaceful engagement between North and South Korea.
