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N. Korea Gaeseong Workers Get Minimum Wage Raise to $67 a Month

Aug. 6 (Bloomberg) -- North and South Korea agreed to raise the minimum wage for North Korean workers at the jointly-run Gaeseong Industrial Park by 5 percent to $67 a month, South Korean Unification Ministry spokesman Kim Hyung Suk said.

The annual decision by officials from both countries was made Aug. 3, Kim told reporters today in Seoul. Five percent is the maximum amount the wage can be raised at the complex 6 miles (10 kilometers) north of the border, where more than 120 South Korean companies employ about 50,000 North Korean workers.

To contact the reporter on this story: Sangwon Yoon in Seoul at syoon32@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net

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