AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

South Korean business leaders operating joint ventures in North Korea vowed Saturday to continue their operations despite intense pressure to stem the flow of cash to Pyongyang over its nuclear test.
The leaders made the pledge after meeting at the Kaesong industrial park, just north of the Korean border, to discuss UN sanctions imposed over the Stalinist state's first atom bomb test, South Korea's Yonhap news agency said.
"Businesses in the zone (park) should not be swayed by international politics, as they are run 100 percent on private investment," said Kim Ki-mun who represents South Korean companies in the park.
"We will do our best in building successive cases of capital from the South combined with manpower and land resources in the North," Yonhap quoted Kim saying after he arrived back in Seoul from the meeting.
Kim, chairman of watchmaker Romanson Co, downplayed concerns that profits from the park were going to a regime bent on acquiring weapons of mass destruction.
He valued overseas shipments of products produced at the park at 15 million US dollars. And he called on the South Korean government to support the mostly small to medium sized companies operating there in their drive to become more competitive.
The main opposition party here has demanded that the park and Mount Kumgang tourist resort, both built in the North with the South's money, be scrapped, while government officials indicate they are irrelevant to the UN sanctions imposed on the North. Kaesong, where thousands of North Koreans work for 15 South Korean companies just north of the heavily fortified border, was opened in 2004.
Seoul hopes to make it a development model, combining its capital and the North's cheap labour, to reduce tensions, which have existed since the 1950-1953 Korean War. Workers earn a minimum wage of 57 dollars a month but 30 percent of this is deducted by their government for social and health insurance fees. Seoul hopes to attract some 3,000 factories there by 2024.

Copyright Agence France-Presse, 2006

Comments

Comments are closed.