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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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 Posted: Thu May 14, 2009 11:31 pm Post subject: Stick a fork in Kaesong |
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'cuz it's done...
http://english.yonhapnews.co.kr/northkorea/2009/05/15/45/0401000000AEN20090515006500315F.HTML
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N. Korea declares inter-Korean contracts on Kaesong venture invalid
SEOUL, May 15 (Yonhap) -- North Korea said Friday it has nullified all contracts with South Korea on the operations of a joint industrial venture in Kaesong and told South Korean firms to leave the park if they cannot accept it.
"We declare the nullification of all incumbent regulations and contracts regarding the Kaesong industrial complex," the North's government agency in charge of the border-town industrial park said in a statement carried by its official Korean Central News Agency.
While threatening to terminate the existing contract terms, the agency vowed to install a set of revised regulations and contracts.
"The South Korean firms and pertinent personnel of the Kaesong industrial complex should unconditionally accept the revisions, and if they don't have intentions to accept them, they can leave," the statement said. |
I wonder if they can take their equipment when they leave? |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu May 14, 2009 11:33 pm Post subject: |
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| Oh, how I wish they WOULD leave! |
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Milwaukiedave
Joined: 02 Oct 2004
Location: Goseong
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| Posted: Thu May 14, 2009 11:44 pm Post subject: |
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| It probably would be the best thing if they would. Call their bluff. My guess is no on the equipment. They would have to write it down as a loss. |
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superacidjax
Joined: 17 Oct 2006
Location: Seoul
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| Posted: Thu May 14, 2009 11:52 pm Post subject: |
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| They should sabotage all of the equipment, THEN leave. |
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GoldMember
Joined: 24 Oct 2006
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| Posted: Thu May 14, 2009 11:56 pm Post subject: |
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| Contracts in Korea not being honored or changed. Say it isn't so! I don't believe it! |
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cdninkorea
Joined: 27 Jan 2006
Location: Seoul
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| Posted: Fri May 15, 2009 12:08 am Post subject: |
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| If the firms were smart when they set up there, they would have accounted for the possibility of this happening when they decided to invest. I wonder if they did? |
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harlowethrombey
Joined: 17 Mar 2009
Location: Seoul
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| Posted: Fri May 15, 2009 12:11 am Post subject: |
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Recently the SK government shut down the 'money pump' department that shot aide into NK and changed it into one to 'study' NK. THat's a pretty definate sign they're getting tired with the bluster.
I guess if NORK wants to starve and lose out on the one viable economic interest they had going. . . well there are laws against a person comitting suicide, but I think a country just gets to self-destruct on its own. |
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SHANE02
Joined: 04 Jun 2003
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| Posted: Fri May 15, 2009 2:55 am Post subject: |
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| K swiss and other companies have been able to take advantage of virtual slave labour long enough. |
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crescent
Joined: 15 Jan 2003
Location: yes.
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| Posted: Fri May 15, 2009 3:10 am Post subject: |
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I read in the Times a week ago, that the South was considering a venture with the North for a gas pipeline linking the South to Russia.
Yeah, go for it.
As that wise sage G.W. said, "Fool me once, shame on you. Fool me.... well, you can't get fooled again!". |
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crescent
Joined: 15 Jan 2003
Location: yes.
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| Posted: Fri May 15, 2009 3:12 am Post subject: |
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| harlowethrombey wrote: |
| I guess if NORK wants to starve and lose out on the one viable economic interest they had going. . . well there are laws against a person comitting suicide, but I think a country just gets to self-destruct on its own. |
I don't see how the North can lose. They will keep the infrastructure and produce counterfeit product, or their own product. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Fri May 15, 2009 3:47 am Post subject: |
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| superacidjax wrote: |
| They should sabotage all of the equipment, THEN leave. |
agreed. |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Fri May 15, 2009 3:49 am Post subject: |
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| SHANE02 wrote: |
| K swiss and other companies have been able to take advantage of virtual slave labour long enough. |
Ridiculous. Proof that the corporate far right and the far left (COMMUNISTS)work together, in Korea, to stick it to everyone else. Oh, some may claim otherwise (Marmot's Hole?), but it's TRUE. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Mon May 18, 2009 4:49 am Post subject: |
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[url="http://english.yonhapnews.co.kr/northkorea/2009/05/18/0401000000AEN20090518007500315.HTML"]http://english.yonhapnews.co.kr/northkorea...8007500315.HTML[/url]
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N. Korea's pointman on inter-Korean relations executed: sources
SEOUL, May 18 (Yonhap) -- North Korea executed its pointman on South Korea last year, holding him responsible for wrong predictions about Seoul's new conservative government that has ditched a decade of engagement policy toward Pyongyang, sources said Monday.
Choe Sung-chol, who as vice chairman of the North's Asia-Pacific Peace Committee had pushed for bold reconciliation with Seoul's previous liberal governments, disappeared from public sight early last year amid reports that he was fired.
Rumors spread in January that he was forced to work at a chicken farm, but a number of sources privy to North Korean internal affairs told Yonhap News Agency that Choe was executed last year to shoulder the blame for his judgments on Seoul that proved wrong. |
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Robot_Teacher
Joined: 18 Feb 2009
Location: Robotting Around the World
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| Posted: Mon May 18, 2009 4:53 am Post subject: |
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| crescent wrote: |
I read in the Times a week ago, that the South was considering a venture with the North for a gas pipeline linking the South to Russia.
Yeah, go for it.
As that wise sage G.W. said, "Fool me once, shame on you. Fool me.... well, you can't get fooled again!". |
If that is to be, then consider South Korea to have put itself in the choker hold position should it become dependent on said pipeline. |
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Panda
Joined: 25 Oct 2008
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| Posted: Mon May 18, 2009 8:49 am Post subject: |
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N, Korea really has to think it twice before it shuts down the complex.
39,000 workers will lose their jobs (and chocolate pies as well) , adding insult to injury.
N Koreans no longer believe everything the government tells them, thus the goevernment has to consider the bad result following the shutout.
About S Korea taking advantage of those cheap labors, my opinion would be, its better than starving to death. |
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