North and South Korean officials have reached an agreement about re-opening the Kaesong joint industrial zone, officials from Seoul say.
Operations there have been suspended since April when the North withdrew its workers amid rising political tensions.
On Wednesday the South’s Unification Ministry said a five-point accord had been agreed, but it remains unclear when operations might resume.
It comes after Seoul called for “final talks” following six previous rounds.
The agreement was signed by the chief delegates from the two Koreas, reports the Yonhap news agency. There are few details about the accord, but Yonhap says the deal is believed to ensure that a similar suspension of operations could not be repeated.
“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 Agence France-Presse news agency also quoted from the agreement.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.