Investing in resource-rich North Korea seems like a good idea — but businesses find there's a catch
SEOUL - When an industrial park jointly run by the two Koreas was abruptly shuttered by South Korea's government three years ago, the South Korean factory owners were so caught off guard that one of them left behind his wedding ring. Another was unable to retrieve a photo of his late mother.
A third business owner, Yoo Chang-geun, still has a closet full of clothes and $17 million worth of factory equipment at the Kaesong Industrial Complex, six miles north of the heavily fortified demilitarized zone marking the border between the Koreas. Yoo, 62, chief executive of an auto parts and information technology equipment manufacturer, is one of about 120 South Korean business owners who ran factories at Kaesong at the
