Announcing: Walsh, John, “Joint Operation of a Special Economic Zone by Enemies: The Case of Kaesong Industrial Complex,” The International Journal of Nepalese Academy of Management, Vol.2, No.1 (2014), pp.80-92, available at: http://www.nam.org.np/userfiles/IJHRM%202014.pdf.
The border between North and South Korea is one of the most intensely contested in the world; periodic outbreaks of violence have punctuated the sixty years since the Korean Civil War was calmed by a ceasefire. The increasing inequality across the border, as the South has become a successfully developed capitalist country and the North has regressed into poverty and hunger, acts as a further stimulant to disorder. To reduce tension and promote cooperation, the South Korean government proposed various joint cross-border economic ventures, the most persistent and successful of which has been the Kaesong Industrial Complex, involving Southern capital and knowhow and Northern labour and land. The venture has been successful in terms of employment generation and production volumes but it has been bedeviled by political and managerial problems. Who are the major stakeholders in this case and how should success for them be measured?
Keywords: cross-border ventures, Kaesong Industrial Complex, Korea, stakeholders