About the Author
Ha-young Choi
Ha-young Choi was an NK News correspondent based in Seoul. She studied Korean history, mainly focusing on modern Korean history at Korea University. Follow her on twitter @Hy_Choi0826
Get behind the headlines
|
News Two Koreas finally reach Kaesong minimum wage agreementSouth, North decide on increase of 5 percent, following months of brinksmanship, stalled negotiations
North and South Korea have agreed on increasing the minimum salary of Kaesong Industrial Complex workers by 5 percent from $70.35 a month to $73.87. Wages for July will be paid according to the new agreement. “The payment since last March will be paid by retroactive application,” staff from the South Korean Ministry of Unification said. The controversy over wages has been ongoing since last November, as North Korea unilaterally disregarded the annual 5 percent limit on wage increases, prompting the South to insist that the North not change the wage increase without negotiating with them. North Korea had in © Korea Risk Group. All rights reserved. |