South Korea Agrees With North on Plan to Open Gaeseong

North Korea reached an agreement with the South that aims to reopen the jointly operated Gaeseong industrial complex that was shuttered in April as ties deteriorated over the North’s nuclear program.

The two sides agreed to “make active efforts so companies can repair and re-operate their equipment” and seek ways to attract foreign investors to the site, according to the accord released last night. The deal calls for forming a joint committee to prepare Gaeseong to reopen. No timetable was given.