South Korea said Wednesday it would suspend operations at the Kaesong joint industrial complex in North Korea to punish Pyongyang for its latest rocket launch and nuclear test. 

"We have decided to stop all operations at the Kaesong industrial complex so that... our investment in the complex would not be used by the North to fund its nuclear and missile development," Hong Yong-Pyo, Seoul's unification minister in charge of cross-border affairs, told a press conference.