S.Korean firms with factories in North up on hopes of joint industrial zone resumption

Good People Co

21/09/2018 02:49

** South Korean companies that used to operate factories in
the Kaesong Industrial Complex jump on optimism over resumption
of the joint industrial zone in North Korea
    ** Textile companies, Shinwon  009270.KS , In The F
 014990.KS  and Good People  033340.KQ , add over 4 pct
    ** Accessory company J.Estina  026040.KQ  is also up 4 pct
    ** Park Sung-taek, chairman of Korea Federation of Small and
Medium Business, who was part of the South's delegation to the
North, says Pyongyang had clear determination to reopen the
Kaesong Industrial Complex
    ** The industrial zone was shut down in 2016 amid the
North's repeated military activities
    ** North Korean leader Kim Jong Un hopes to complete
denuclearization quickly and focus on economic development,
South Korean president Moon Jae-in said after returning to Seoul
 urn:newsml:reuters.com:*:nS6N1V401Q    
    ** The broader KOSPI market  .KS11  was up 0.1 pct as of
0139 GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))