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Gaeseong Firms Claim Losses from Complex Shutdown Top 810 Billion Won

Written: 2016-02-24 14:56:26Updated: 2016-02-24 14:58:11

Gaeseong Firms Claim Losses from Complex Shutdown Top 810 Billion Won

An emergency planning committee for South Korean companies that operated in the inter-Korean Gaeseong Industrial Complex claims that the firms suffered more than 810 billion won in losses due to the shutdown of the factory park.
 
During a general meeting on Wednesday, the committee said that losses related to investment assets amounted to some 569 billion won and damages related to inventory assets stood at roughly 246 billion won.
 
As a result, the committee estimated total losses at 815-point-two billion won as of Wednesday.
 
The committee said that indemnities owed to trading partners and operating losses that could emerge were not included in the latest estimates.

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