Saturday, April 27, 2013

Closing the Kaesong Industrial Complex, North and South Korea, the extent of damage?


South, closed 6 trillion, suspended sustainable damage estimated at 2 billion

"North, sources of income loss of 100 billion won a year, the unemployment problem"

Scale drawing attention to the damage occurs between the two Koreas in emerging Observation de facto ref went into Suisun closed, the Kaesong Industrial Complex, the Kaesong Industrial Complex outage persists or the case will be closed.

You pointed out a lot of damage taken by South Korean companies are much greater than the damage taken that 5 million and employs 4,000 North Korean workers in the Kaesong Industrial Complex, 123 SMEs, we move from the North.

IBK Industrial Bank jobonghyeon Research Fellow, Institute of Economic News and the 27th United Nations call from the Kaesong Industrial Complex tenants and partners may suffer damage if you continue this downtime is estimated to be around 2 trillion, "he said.

Currently can not export raw and subsidiary materials and finished products, and bounded to the Kaesong Industrial Complex, the damage incurred revenue loss of 500 billion won, downtime can not deliver and dealers (buyers) of the claim (claims) as damage occurs. 5 six thousand cheoneokwon the third-party damage is estimated as 1 trillion.

The Article Research Fellow in the case of the closure of the Kaesong Industrial Complex claims of damage that can increase up to 6 trillion.

Specifically, our government and public corporations investment satin composition, amount of 400 billion won, the Kaesong Industrial Complex Tenants investments 6 400 billion ~ 1 trillion, 500 billion won loss of raw materials, finished products, company's revenue loss of 1.2 trillion won, partners and damage 3 trillion .

You also can not rule out the possibility that the sum of all the workers and suppliers, upon closing the Kaesong Industrial Complex Tenants about 5 million unemployed to change.

Kaesong Industrial Complex in support of the government target, but that the tenants, the partners will not be included, "said researcher Joe" to be made about a total of 600 billion won the support of at least 50 billion by tenants, tenants and suppliers of the juldosan will be able to stop, "he pointed out.

North Korea will lose a source of income to be closed or the duration of the outage of the Kaesong Industrial Complex was taken as the workers' wages per year of $ 90 million (100 billion won).

The livelihood the work 50,004 North Korean workers in the Kaesong Industrial Complex thousand and their families, hundreds of thousands of people at the same time can cause difficulties.

It is not easy to take measures to rescue tens of thousands of unemployed occurred at a time from the perspective of the North suffer structural economic difficulties, chronically. wear, damage, economic damage, political, social, and cultural andago never less than the experts agree.




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