North and South Korea have finally reached an agreement to reopen factories at their jointly operated industrial park in the Kaesong border area.
The five - point agreement was reached on Wednesday after seven rounds of talks and ahead of a joint military drill by South Korea and the United States. Both Koreas have committed to making " active efforts " to resume normal operations as soon as possible after inspecting the shuttered plants in Kaesong.
" The South and the North will prevent the current suspension of the Kaesong industrial complex caused by the workers ' withdrawal from being repeated again, " the agreement said.
The park lies ten kilometers inside North Korea and has 53,000 workers. Kaesong is a main source of income for Pyongyang. Meanwhile, senior officials in Pyongyang warned the new military exercise later this month could push the divided peninsula to the brink of war. A similar joint maneuver earlier this year prompted North Korea to shut down the Kaesong industrial complex. Tensions began to soar after the US flew its nuclear-capable B-2 stealth bombers over the peninsula during annual US-South Korea military drills in April. Pyongyang, in response, threatened to attack the US mainland with nuclear weapons and to enter a war with the South. In March, North Korea warned that if Washington and Seoul launched a preemptive attack, the conflict “will not be limited to a local war, but develop into an all-out war, a nuclear war.”