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Koreas Agree on 5% Wage Hike for Kaesong Workers

North and South Korea have agreed to a five percent minimum wage hike for North Korean workers at the Kaesong Industrial Complex. South Korea’s Unification Ministry announced Tuesday that that would increase the North Korean workers’ minimum wage to $73.87 per month. Pyongyang initially asked for the minimum wage to be increased by 5.18 percent, which would have violated the regulations initially set for the business park. After Tuesday’s breakthrough, South Korean companies will be...

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