Former Kaesong Industrial Complex Association Presidents Meet Minister Jeong Dongyoung, Call for Resumption of Kaesong Complex

Unification Minister Listens to SME Voices on Revitalizing Inter-Korean Economic Cooperation
"APEC Summit Between U.S. and North Korea Could Open New Opportunities"

The Korea Federation of Small and Medium Business announced that it held a meeting on the 27th at Somerset Palace Seoul in Jongno-gu, Seoul, attended by Minister of Unification Jeong Dongyoung and former presidents of the Kaesong Industrial Complex Association.

The meeting was attended by Kim Kiwon, Chairman of the Korea Federation of Small and Medium Business and the first president of the Kaesong Industrial Complex Association; Moon Changseop, Chairman of Samduck Trading and the second president; Bae Haedong, Chairman of Taesung Group and Tony Moly and the fourth president; and Lee Jaecheol, CEO of Jesicom and the ninth president, among other former association presidents.

The Korea Federation of Small and Medium Business held a meeting on the 27th at Somerset Palace Seoul in Jongno-gu, Seoul, attended by Jeong Dongyoung, Minister of Unification, and former presidents of the Kaesong Industrial Complex Association. From left: Lee Jaecheol, CEO of Jesicom; Bae Haedong, Chairman of Taesung Group and Tony Moly; Jeong Dongyoung, Minister of Unification; Kim Kimum, Chairman of the Korea Federation of Small and Medium Business; Moon Changseop, Chairman of Samduck Trading Co., Ltd. Korea Federation of Small and Medium Business

This meeting was organized to gather on-site opinions from the small and medium business community and seek policy responses for the resumption of the Kaesong Industrial Complex and revitalization of inter-Korean economic cooperation, in line with Minister Jeong's recent proposal for a 'phased restoration of peaceful coexistence and economic cooperation.'

The business leaders agreed that if a summit between U.S. President Donald Trump and North Korean Chairman Kim Jong Un is realized on the occasion of the Asia-Pacific Economic Cooperation (APEC) summit, it could lead to dialogue between North and South Korea and create opportunities for the revitalization of inter-Korean economic cooperation and the resumption of operations at the Kaesong Industrial Complex.

Kim Kiwon, Chairman of the Korea Federation of Small and Medium Business, said, "Inter-Korean economic cooperation can help restore the manufacturing base for small and medium-sized enterprises and become a new pathway for the Korean economy," adding, "The Korea Federation of Small and Medium Business will serve as a bridge for public-private cooperation together with the Ministry of Unification."

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