S. Korea to shut down joint industrial park with N. Korea

February 10, 2016 3:27 PM

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South Korea said Wednesday that it will shut down a joint industrial park with North Korea in response to its recent rocket launch, accusing the North of using hard currency from the park to develop its nuclear and missile programs.

The decision to end operations at the industrial complex in the North Korean border city of Kaesong, the last major cooperation project between the rival countries, comes after North Korea on Sunday launched a long-range rocket considered by other nations to be a banned missile technology test.

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