As a result of this policy, Kaesong Industrial Complex was set up in December 2004. Leading Korean Chaebols (conglomerates) established number of factories in the complex, which was just 10 km away from border with South Korea and 50 km from Seoul. As of latest information, there were 124 South Korean factories. Mostly these factories were labour-intensive taking benefit of cheap and available unemployed North Korean labour force.
The Kaesong’s Woes
As a result of this policy, Kaesong Industrial Complex was set up in December 2004. Leading Korean Chaebols (conglomerates) established number of factories in the complex, which was just 10 km away from border with South Korea and 50 km from Seoul. As of latest information, there were 124 South Korean factories. Mostly these factories were labour-intensive taking benefit of cheap and available unemployed North Korean labour force.