North, South Korea reach KIC wage agreement | NK News
June 23, 2024
News

North, South Korea reach KIC wage agreement

Minimum wage to be maintained at original $70.35 per month: MoU

North and South Korea reached an agreement on the Kaesong Industrial Complex (KIC) wage issue on Friday, the Ministry of Unification has announced.

The MoU said the two parties agreed on a minimum wage of $70.35 per month, the original minimum wage before the DPRK’s unilateral labor regulation revision earlier this year. Arrears will be paid after further negotiations.

Become a member for less than $4 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.