South Korea pulled out of the jointly-operated industrial zone in February, after North Korea’s latest long-range missile launch of a satellite.
At the time, the North called the shutdown “a declaration of war” and designated Kaesong as a military zone.Most South Korean assets in the North are in the Kaesong industrial zone.
Shortly after the launch, North Korea announced it “nullifies” all inter-Korean cooperative projects and will liquidate South Korean assets in the country.
Yesterday North Korea has fired two short-range ballistic missiles into the sea, South Korea’s military has said.It said the missiles, launched off the east coast, flew some 500km (310 miles) and fell into the water.
