South Korea to halt work at joint industrial park with North Korea

SEOUL, Korea, Republic Of - South Korea says it will suspend operations at a joint industrial park with North Korea in response to the North's recent rocket launch, the first time in the park's decade of operation that Seoul has halted work there.

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The move comes after North Korea on Sunday launched a long-range rocket considered by others as a banned missile technology test.

South Korean Unification Minister Hong Yong-pyo said Wednesday that the suspension of operations would stop the North from using hard currency from the Kaesong industrial complex to develop nuclear and missile technology. He said at a news conference that the park provided 616 billion won ($515 million) of cash to North Korea since it broke ground in 2003.

The park is the last major co-operation project between the rivals.



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