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Asian News

Economic Promises Unfulfilled in Koreas

Tuesday, June 14, 2005 1:05:31 AM
By SEO-JOONG LEE

KAESONG, North Korea (AP) - Just three miles north of the minefields and barbed wire separating the two Koreas, a bold experiment is under way inside a handful of drab factories rising above an otherwise empty landscape.

This is where capitalist South Korea meets communist North Korea and its cheap labor.

The dresses and kitchen pots being churned out in Kaesong, albeit on a small scale, are the most visible outcome of the economic promises that emerged from the historic summit between North Korean leader Kim Jong Il and then-South Korean President Kim Dae-jung on June 15, 2000.


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