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N. Korea Declares Inter-Korean Economic Agreements Null and Void

Written: 2016-03-10 13:04:55Updated: 2016-03-10 17:36:33

N. Korea Declares Inter-Korean Economic Agreements Null and Void

Anchor: Following the South Korean government's introduction of its own sanction measures against North Korea earlier this week, the communist country declared that all inter-Korean economic agreements have been nullified. Pyongyang on Thursday also threatened that properties left behind by South Korean businesses at the suspended inter-Korean Gaeseong Industrial Complex were at its disposal.
Our Bae Joo-yon has more. 

Report: North Korea has declared that it will liquidate South Korean assets located in the North in retaliation for Seoul’s announcement of additional sanctions.
 
The North's Committee for the Peaceful Reunification of the Fatherland announced in a statement Thursday that all inter-Korean agreements on economic cooperation and exchange projects are immediately nullified.
 
The committee argued that the South unilaterally suspended tours to Mount Geumgang and the operation of the Gaeseong Industrial Complex in North Korea.

The announcement came a month after the South Korean government stopped the operation of the inter-Korean factory park.

As it threatened to sell the properties of South Korean businesses left behind at the industrial park last month, North Korea also said it will take a series of special measures aimed at dealing fatal political, military and economic blows to the Park Geun-hye government.

Pyongyang also reiterated that the North Korean military has switched its strategy to taking preemptive strikes, and it is ready to launch an attack at any time.
Bae Joo-yon, KBS World Radio News.

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