Inter-Korean trade suspension called most punishing response Seoul could make to ship sinking
East-Asia-Intel.com, June 16, 2010
"We believe the measures can inflict significant damage," he said. "North Korea should not get through the incident without paying a price," he said. South Korea has also referred the case to the United Nations Security Council for international punishment on North Korea for its torpedo attack that killed 46 sailors.
But the South has decided to maintain the inter-Korean joint industrial complex in the North's border town of Kaesong. Seoul officials said they would determine the fate of its industrial park depending on the North's attitude on the sinking incident.
More than 120 South Korean manufacturing firms are currently operating in the Kaesong complex, hiring some 42,000 North Korean employees. A possible closure of the complex would cause huge financial damage to the cash-strapped North.
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