Home / Kaesong Industrial Complex / Brief History
 
 
2008. 11. 30 The accumulated production at KIC reached more than $500 million
2008. 07. 04 Total number of North Korean employees at KIC exceeded 30,000
2007. 12. 21 Completion of Inter-Korean Exchanges and Cooperation Consultation Office building
2007. 12. 20 Commencement of the construction work on Kaesong Hanuri Hotel
2007. 12. 17 Commencement of the geological survey of the 2nd phase industrial zone
2007. 12. 05 Commencement of Kaesong tour
2007. 11. 30 Completion of the job training centerr
2007. 11. 22 Completion of the sewage disposal plant
2007. 10. 23 Completion of the apartment type factory
2007. 10. 16 Completion of the land formation of 1st phase industrial zone
2007. 06. 21 Completion of substation in Kaesong
2006. 06. 09 Completion ceremony of Bucheon Industrial factory
2006. 05. 17 Ground breaking ceremony of the apartment type factory
2006. 03. 28 Ground breaking ceremony of water supply plant
2006. 02. 09 Ground breaking ceremony of Shinwon's 2nd factory
2005. 12. 28 Opening ceremony of KT
2005. 12. 01 Completion ceremony of Moonchang factory
2005. 11. 18 Completion ceremony of the road linking Kaesong city and the industrial complex
2005. 11. 15 Completion ceremony Taesung factory
2005. 11. 01 Completion ceremony Samduk factory
2005. 10. 28 Opening ceremony of Inter-Korean Exchanges and Cooperation Consultation Office
2005. 09. 06 Completion ceremony of Daehwa Fuel Pump factory
2005. 08. 11 Completion ceremony of Romanson collaboration factory
2005. 05. 26 Holding a fashion show at the Kaesong Industrial Complex
2004. 12. 15 Completion of factory of Living Art and first production of kitchenware
2004. 09. 14 Start of factory construction of tenant companies by Hyundai Asan
2004. 06. 30 Completion of preparation of pilot industrial site (23 acres)
2004. 04. 23 Start of construction work in 1st phase (800 acres)
- Total investment of 1st phase : USD 200 million
(Including infra-structure : USD 100 million supported by South Korean government)
2003. 12 Opening of Hyundai’s Kaesong administration office
- Hyundai Asan staff began to reside in Kaesong and manage the construction, facilities, heavy equipment etc.
2003. 06 Ground-breaking ceremony of KIP
2003. 02 Hyundai’s pre-inspection team visited Kaesong through temporary road - First landmark overland crossing through DMZ to Kaesong since the Korean War)
2002. 12 Acquisition of land use right in Kaesong Industrial Zone for 50 years
2002. 11 North Korea announced the Special Laws on Kaesong Industrial Zone’
- Designation of KIP as special economic zone
2000. 08 1) Agreement on construction and operation of industrial Complex in North Korea
Total area : 16,000 acres
- Industrial site 6,400 acres
- Supporting communities site 9,600 acres
2) Agreement on the exclusive business rights for large-scale social overhead capital (SOC) projects in North Korea
Electric power business
Tele-communication business
Road and railroad business
Tongchon airport business
Imjin-river dam business
Utilization of water reservoir
Tourism business of major tour place
1999.10 Founder Chung met North Korean leader Kim (2nd meeting) - Agreed in principle on the west coast industrial Complex project
1989. 01 Hyundai Group Founder, Chung Ju-yung made the first visit to North Korea as a private businessman
- Agreed in principle on the Mt. Kumgang tourism business crossing the DMZ and joint development of Siberia