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Hyeon Een
Joined: 24 Jun 2005
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 Posted: Tue Nov 11, 2008 10:16 pm Post subject: Goodbye Kaesong. N.Korea land border closing |
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North Korea has ordered the land border with S. Korea closed. That would make the S. Korean factories in Kaesong rather hard to operate I'd imagine. I can't imagine they'll be doing Berlin Airlift style flights there.
I would have thought the 30,000 N. Koreans employed there provided rather a lot of much needed hard currency for the N Koreans. I guess they don't think they need it that much though.
http://news.bbc.co.uk/2/hi/asia-pacific/7723729.stm |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Tue Nov 11, 2008 10:22 pm Post subject: |
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| Why do I feel so good about this? |
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Yu_Bum_suk
Joined: 25 Dec 2004
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| Posted: Tue Nov 11, 2008 10:23 pm Post subject: |
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| They'll just start sending the goods those factories produce in the other direction to China. |
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Fishead soup
Joined: 24 Jun 2007
Location: Korea
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| Posted: Tue Nov 11, 2008 10:27 pm Post subject: |
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| Yu_Bum_suk wrote: |
| They'll just start sending the goods those factories produce in the other direction to China. |
Walmart with no safety standards. Its just a matter of time before those cheap goods end up in the West. |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Tue Nov 11, 2008 10:28 pm Post subject: |
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Ditto... glad its closing.
It's been a bargaining chip for the North, used against those who want to save face to keep it from failing. |
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Hyeon Een
Joined: 24 Jun 2005
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| Posted: Tue Nov 11, 2008 10:43 pm Post subject: |
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| Yu_Bum_suk wrote: |
| They'll just start sending the goods those factories produce in the other direction to China. |
Whilst we often criticise S. Korean management practices and productivity here, I strongly suspect that if these factories switch to N. Korean management production and quality will plumit. Furthermore China can produce its own cheap crap, it doesn't need to import any from N. Korea. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Tue Nov 11, 2008 11:23 pm Post subject: |
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| The NORKS leadership is stupid and foolish. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Wed Nov 12, 2008 1:48 am Post subject: |
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| sojourner1 wrote: |
| The NORKS leadership is stupid and foolish. |
Maybe Kim Jong-Il is no longer in power or even alive. He was a lot of things, but he understood how to get "money for nothing" from SKorea, the UN, the USA, and places like Gaesong. |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Wed Nov 12, 2008 2:09 am Post subject: |
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| Yeah all he would do is press take the key from his nuclear basketball and aim some missile into the ocean. Then BAM! relief aid and monetary concessions. |
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nizpaz
Joined: 09 Oct 2008
Location: Seoul, South Korea
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| Posted: Wed Nov 12, 2008 6:08 am Post subject: |
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| Does that mean those over priced but enticing day trips to the North are off the itinerary then? |
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