Friday, June 18, 2010

Firms in Gaeseong to Seek Deferment in Loan Repayment


South Korean firms in the Gaeseong Industrial Complex plan to request the government to extend the deadline for repaying emergency government loans provided on top of existing loans.


An association of South Korean firms operating in the Gaeseong park held an emergency meeting on Thursday and agreed to make the request in a letter to the Unification Ministry. The association noted that South Korean companies in Gaeseong are increasingly facing difficulties, including a drop in orders, in the wake of Seoul’s stern measures against the North for its attack against the Cheonan naval ship.


The association also plans to convene a general meeting next Thursday and issue a statement that would appeal to the government to suspend efforts to resume psychological warfare against the North and to remove regulations that limit the number of South Korean workers that can reside in the industrial park.


http://world.kbs.co.kr/news_print.htm?lang=e&No=73420&Category=News

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