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S. Korea warns North over 'illegal' asset freeze

เผยแพร่:   โดย: MGR Online

PAJU, REPUBLIC OF KOREA: The vehicles of South Korean businessmen returning from the Kaesong joint industrial area sit on a roadside after passing through a checkpoint near the Demilitarized Zone (DMZ) separating North and South Korea, in Paju on February 11, 2016. North Korea on February 11 expelled all South Koreans from the jointly-run Kaesong industrial zone and seized their factory assets, saying Seouls earlier decision to shutter the complex had amounted to a declaration of war. AFP PHOTO/Ed Jones

February 12, 2016
SEOUL (AFP) - South Korea warned North Korea on Friday that it had acted "illegally" in freezing the assets of South Korean companies and staff expelled from the jointly run Kaesong industrial zone.

Seoul's Unification Minister Hong Yong-Pyo said Pyongyang's decision to kick out the South Korean firms was "very regrettable" and added the North would have to take full responsibility for any consequences.

North Korea on Thursday said it was closing Kaesong completely and placing it under military control.

All South Koreans working in the zone, which lies 10 kilometres (six miles) inside North Korea, were expelled and told they could only take their personal belongings.

It also ordered a "complete freeze" of all assets left behind, including raw materials, products and equipment.

Pyongyang said the move was a response to Seoul's decision the day before to shut down the operations of the 124 South Korean companies in Kaesong -- a protest at the North's recent nuclear test and long-range rocket test.

"North Korea expelled our people with very short notice, banned them from taking out finished products and illegally froze valuable assets," Hong said.

He also condemned the "unjustified and extreme measure" taken by Pyongyang of cutting off the only two remaining communication hotlines with the South.

"North Korea will have to take responsibility for anything that happens now," he added, without elaborating.
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