Arab Today, arab today 2 koreas reach agreement in kaesong wage row
Last Updated : GMT 08:46:38
Arab Today, arab today
Arab Today, arab today

2 Koreas reach agreement in Kaesong wage row

Arab Today, arab today

Arab Today, arab today 2 Koreas reach agreement in Kaesong wage row

North Korean employees work at a factory
Seoul - AFP

South Korea said Tuesday it had reached agreement with Pyongyang on a wage hike for North Korean workers at their Kaesong joint economic zone, ending a six-month dispute.

The breakthrough came despite inter-Korean tensions going through one of their sporadic surges after the South accused North Korea of engineering mine blasts that maimed members of a military border patrol.

The five-percent hike will increase the minimum workers' wage in Kaesong from $70.35 a month to $73.87, a spokesman for Seoul's unification ministry said.

The agreement -- reached late Monday -- followed months of often testy negotiations prompted by Pyongyang's unilateral announcement in February that a 5.18-percent pay rise would be implemented.

The North's proposal exceeded a previously agreed five-percent annual wage rise cap and Seoul responded by insisting that any such change had to be a joint decision.

On Monday, both sides agreed to discuss the remaining 0.18-percent raise later, the ministry said.   

The Kaesong industrial estate, which lies just 10 kilometres (six miles) over the border in the North, hosts about 120 South Korean firms employing some 53,000 North Korean workers.

Kaesong is a key earner for the cash-strapped North. The hard currency wages are kept by the state, which passes on a fraction -- in local currency -- to the workers.

The South Korean companies get cheap labour as well as preferential loans and tax breaks from the government.

Kaesong opened in 2004 and has generally managed to ride out repeated inter-Korea crises, even when every other avenue of cooperation was closed off.

The glaring exception came in 2013, when Pyongyang effectively shut down the zone for five months by withdrawing its workers.

Cross border tensions are currently running high following the landmine incident earlier this month, which has resulted in both sides resuming -- after a decade-long break -- a cross-border propaganda shouting match using banks of powerful speakers.

Pyongyang has also upped its military threat rhetoric in protest at the launch this week of an annual South Korea-US military drill that the North sees as a rehearsal for invasion.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 2 koreas reach agreement in kaesong wage row Arab Today, arab today 2 koreas reach agreement in kaesong wage row

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday