South Korea has declared a full halt to inter-Korean trade.
Starting Tuesday, South Korea will ban the entry of all North Korean products including those entering the nation via a third country, such as China.
Any visits to North Korea, except for those to Mount Geumgang and the Gaeseong Industrial Complex, will also be banned.
Manufacturing at the complex in Gaeseong will continue but new investments will be prohibited. In addition, half of the 900 to one-thousand South Koreans at the complex will return to the South.
The government believes the set of measures could inflict up to 300 million dollars worth of losses on the North, making it harder for Pyongyang to import food and supplies from China.
South Korea is also expected to incur up to three trillion won in sales losses. The ban on cheap North Korean seafood and other products could also end up weighing on inflation.
http://world.kbs.co.kr/news_print.htm?lang=e&No=72805&Category=News
No comments:
Post a Comment