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Inter-Korean Trade Declines

Inter-Korean trade volumes fell more than 10 percent in April amid growing tensions over a wage dispute at the Kaesong Industrial Complex. According to figures released by South Korea’s Customs Service, trade between North and South Korea reached $211 million last month, a 12 percent drop from March. The decline in trade is mainly due to a decrease in shipments through the Kaesong complex. The inter-Korean park accounts for 99 percent of the bilateral trade, according to government...

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