(VOVworld) - North Korea has nullified all economic cooperation agreements and exchanges with the South and liquidated all assets belonging to South Korean enterprises in the North. The Committee for Peaceful Reunification of Korea said the move was a response to a series of unilateral sanctions by Seoul for Pyongyang’s nuclear test and rocket launches. The blockades apply mostly of the Mount Kumgang resort and the Kaesong Industrial Park.

(Photo: Yonhap News)

On Thursday, South Korea stopped all its operations at Kaesong. In response, North Korea asked all South Korean citizens to leave the park and sealed off all South Korean assets there.