North Korea and South Korea Agree To Reopen Industrial Park

No date for reopening announced

North and South Korea have agreed to resume operations at their troubled joint industrial park after a series of talks on the fate of the rivals' last symbol of economic cooperation.

A joint statement said on Wednesday that the two countries had agreed to cooperate to restart Kaesong industrial zone and prevent another shutdown. It did not give a date.

The five-point agreement that came out of a seventh round of talks committed both sides to making "active efforts" to resuming normal operations as soon as possible after inspecting the shuttered plants.

A joint committee will be set up to discuss compensation for economic losses suffered as a result of the complex's closure, according to a copy of the accord released to reporters.