Korean Tension Eases as Industrial Plant Reopens

An industrial zone called Kaesong is the last remaining area of co-operation between North and South Korea. The plant was shut down in April amid rising tensions over North Korea's nuclear programme.

That means the operations of hundreds of companies from the South have been closed, while thousands of workers from the North have had nothing to do.

On Monday, the park is reopening on a trial basis. We speak to our correspondent at Kaesong.

Plus, the man seen as the frontrunner for the job of head of the US Federal Reserve, former Treasury Secretary and Obama adviser Larry Summers, has pulled out of the race.

In a letter to President Obama, Mr Summers said his Congressional confirmation would be "acrimonious". Some Democrats and Republicans have said they were against Mr Summers getting the job.

Also on the programme, with a week to go until German elections, our reporter Theo Leggett has been to Cologne to find out how Germans perceive the state of their economy.

The World Bank is getting tougher on companies which have been found to have paid bribes, according to a report. We'll speak to a law firm based in the United Kingdom.

And finally, our regular contributor Lucy Kellaway is continuing her research into the history of the office. In her second weekly instalment she's been digging into that time-honoured saying, it's not what you know, it's who you know.

Release date:

Available now

25 minutes

Last on

Mon 16 Sep 2013 00:06 GMT

Britain and the EU - what next?

EU flag Brussels

Leading politicians and business experts debate the future for the UK and Europe

World Business Report at 25

World Business Report at 25

The peaks, troughs and financial mood swings from the last quarter century

Download the Podcast


Listen to the latest editions of World Business Report