South Korea said Wednesday it would suspend work at a joint industrial park with North Korea after the North launched a long-range rocket considered by other countries to be a banned missile technology test, The Associated Press reported.
The project, a joint industrial park located in the border city of Kaesong, provided North Korea with $560 million of cash, according to South Korean Unification Minister Hong Yong-pyo. He said suspending those operations will prevent North Korea from using such currency for nuclear and missile technology development.
The park is the last major shared initiative between the rival countries and has been seen as a test of reunification as the project utilized South Korean initiative, capital and technology with North Korea's cheap labor.
North Korea had had no immediate reaction the the move.
