This paper examines the different attitudes of the Republic of Korea (South Korea) and the United States of America with regards to the Kaesong Industrial Complex, a joint inter-Korean economic project located in the Democratic People's Republic of Korea (North Korea). The paper uses the theoretical framework of Social Constructivism to analyze the different ideas available in the political discourse of both actors with regards to North Korean policy in general and policy towards Kaesong specifically. The paper relates these ideas to the positions both actors have taken with regards to the inclusion of Kaesong products in the S. Korean-U.S. FTA.