2 Koreas Agree 5% Wage Hike for Kaesong Workers

  • By Kim Myong-song

    August 19, 2015 09:35

    The two Koreas have agreed to hike the minimum wage for North Korean workers at the joint Kaesong Industrial Complex by five percent.

    Pyongyang 10 months ago unilaterally announced a wage hike for the industrial park.

    But in talks in Kaesong on Monday, the two sides "finally reached agreement on the hike of the minimum wage and the wage calculation," the Unification Ministry here said on Tuesday.

    The monthly wage for North Korean workers will increase from US$70.35 to $73.87.

    The regime pockets nearly all of the money, and many companies have resisted the wage hike because they have had to resort to paying workers in kind.

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