Companies with Operations in Kaesung Complex Report Their Loss over 1 Tril. Won
Companies with Operations in Kaesung Complex Report Their Loss over 1 Tril. Won
  • Korea IT Times (
  • 승인 2013.06.26 23:29
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SEOUL, KOREA - With the Kaesung industrial complex closed indefinitely, the loss to the companies with operations there has been tallied in excess of 1 trillion won. Of this, the amount that has been checked out by evidence was 706.7 billion won.
On June 25 the Ministry of Unification announced its survey results on 234 companies out of 296 with operations in the Kaesung industrial complex. Of the damage, investment in physical properties such as land, buildings, and equipment took the lion's share with 59 percent (417.5 billion won). In addition, the total amount of lost inventories including raw materials, intermediate goods, and finished goods was 98.4 billion won.
According to the survey, most of the companies wanted financial support in the form of expanded insurance benefits and low-cost loans. A ministry official said, "Even though some companies asked for grants for their losses, there is no legal basis for the government to lend free of charge support to the companies. We will look into ways to help them out within the framework of financial support."

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