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Two Koreas in Wage Dispute over 3 Months

Written: 2015-06-21 13:17:37Updated: 2015-06-22 09:09:02

Two Koreas in Wage Dispute over 3 Months

The two Koreas have been in a three-month dispute over North Korea’s unilateral wage hike for its workers at the Gaeseong Industrial Complex.
 
An official at the Association of South Korean companies operating at the industrial park said on Sunday that most of the firms paid this month’s wages by Friday, the deadline for May wages.
 
The monthly salary to workers at the complex is based on the current minimum wage set at 70-point-35 U.S. dollars.
 
The wage dispute started following the North's unilateral move in November last year to raise the minimum wage by five-point-18 percent from 70-point-35 dollars to 74 dollars.
 
Seoul rejected Pyongyang's unilateral wage hike, saying it is in breach of a labor regulation which sets the wage hike cap at five percent per year.

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