South Korea warns North over 'illegal' asset freeze

Cargo on an overloaded vehicle slumps off to the side after arriving from the Kaesong joint industrial zone, outside a military checkpoint in Paju on February 11, 2016South Korea warned North Korea on Friday that it had acted “illegally” in freezing the assets of South Korean companies and staff expelled from the jointly run Kaesong industrial zone. Seoul’s Unification Minister Hong Yong-Pyo said Pyongyang’s decision to kick out the South Korean firms was “very regrettable” and added the North would have to take full responsibility for any consequences. North Korea on Thursday said it was closing Kaesong completely and placing it under military control.

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