Businesspeople with investments in now-suspended inter-Korean projects on Wednesday called on the government to lift its unilateral sanctions imposed in 2010 that ban joint businesses with North Korea.
Ten organizations with interests in inter-Korean projects, including associations of investors in the once-thriving Kaesong Industrial Complex and the Mount Kumgang tourist zone, made the call at a press conference.
The businessmen were referring to far-reaching suspensions of joint economic projects with North Korea announced on May 24, 2010, under the former conservative Lee Myung-bak administration following the North's deadly torpedoing of the South Korean Navy frigate Cheonan in March that year.
Under the action, Seoul suspended trade, investment and all assistance programs with North Korea, except for humanitarian aid.
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