The South Korean and Democratic People's Republic of Korea (DPRK)'s delegations held the third round of government-level talks at the Kaesong Joint Industrial Complex on Thursday.

The talks started at 10 a.m. (0100 GMT) as scheduled at the joint park in the DPRK's border city of Kaesong, and ended after lasting an hour and 10 minutes.

During the morning session, the two sides shared their positions and exchanged views, according to South Korea's senior unification ministry official.

"Our side said in a keynote speech that we cannot accept North (DPRK)'s unreasonable demands that it has presented over the joint park after unilaterally scrapping existing contracts," the official said.

Although it is not yet known whether the talks will be resumed, an afternoon session is highly likely as the dialogue was resumed after a lunch break in the previous two sessions.

The South Korean delegation, composed of 12 representatives, crossed the border between the two countries to meet with the DPRK counterparts at 08:49 a.m. (2349 GMT Wednesday) local time.

Before crossing the border, Kim Young-tak, head of the South Korean delegation, said that South Korea will put its priority on the issue of a South Korean worker who has been detained in the DPRK since late March for publicly denouncing the regime.

"We will go over issues one by one, bringing up first those that are most agreeable," Kim told the reporters.

The two sides met while the DPRK was "cash-strained" by tightened financial sanctions the international society, led by the United States, decided to place on the nation for its second- time nuclear test on May 25.

The two sides have met twice in June, during which the DPRK brought up cash-related issues, claiming that South Korea should raise its monthly wages for DPRK workers and the land rent.

The DPRK, at the same time, backed off on non-cash issues, such as lifting a border traffic ban it had imposed on South Korean workers and cargo trucks.

The Kaesong complex, where 106 South Korean companies operate with employment of some 40,000 DPRK workers, makes a variety of products, from electronics and watches to shoes and utensils.

The park, located in the DPRK's border town of Kaesong, was jointly set up as a reconciliation project of the two sides.