Koreas Set Date to Reopen Shared Industrial Park

Will be back in business Monday

North and South Korea have agreed to reopen a jointly-run industrial park just inside the North Korean border on a trial basis starting next Monday.

The South's Unification Ministry says negotiators reached the deal on the Kaesong industrial complex following lengthy negotiations that lasted through early Wednesday.

The two sides tentatively agreed last month to reopen the facility, which was effectively closed by the North in April. But the South was still looking for compensation for its companies hit by the closure.