North Korea

North Korea and South Korea Agree To Reopen Industrial Park

No date for reopening announced

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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.