The two Koreas seem at an impasse. In March Park Geun-hye’s Dresden speech held out a hand of friendship. Brusquely dismissing this, North Korea showered insults on the South’s President.

Fortunately rhetoric is not the whole reality. For over a decade, one project has shown how both Koreas can cooperate to their mutual gain. The joint venture Kaesong Industrial Complex (KIC), a short drive from Seoul just across the Demilitarized Zone (DMZ), has weathered many storms.

In May 2010 Seoul banned trade and investment with Pyongyang after the sinking of the warship Cheonan, but wisely exempted Kaesong. Last year when the North pulled out its 55,000 workers, President Park patiently negotiated the KIC’s reopening under a new joint management structure. [Read more] – Michael’s Blog