AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)

South Korea said Friday it will push for talks in the coming week with the North over their Kaesong joint industrial zone, after reports Pyongyang has taken fresh steps to unilaterally implement a wage hike. The North announced last month that it would raise wages of the roughly 54,000 North Korean workers employed in the 125 South Korean firms operating in Kaesong.
South Korea demurred, insisting that employment conditions in the zone could only be adjusted with the agreement of both sides. According to the South's Yonhap news agency, Pyongyang went a step further this week, directing the North Korean accountants working in the Kaesong firms to start calculating the proposed wage rises.
"As April 10 is pay day, we are pushing to hold a dialogue before that date," the spokesman for Seoul's Unification Ministry, Lim Byeong-Cheol, told journalists.
"There is no change to our basic position that wages and other pending issues must be resolved through dialogue between relevant authorities," Lim said. The North's proposal would increase the average monthly sum the South pays for each worker - including allowances, welfare and overtime - from $155 to $164.
The South has cited an existing agreement that any wage rise had to be agreed by a joint committee overseeing the management of the park.
North Korea has so far spurned the South's dialogue overtures, arguing it has no need to consult over its "legitimate" right to amend working conditions in Kaesong.
The Unification Ministry has sent an official letter to the South Korean companies in Kaesong, reportedly threatening disciplinary measures if they yield to the North's pressure on the wage issue.
In 2013, the North effectively closed down the industrial park, which lies some 10 kilometres within its side of the border, for five months following a surge in military tensions.
Many of the South Korean firms operating there, mostly manufacturers of low-priced household goods, are still reeling from financial losses from the shutdown.

Copyright Agence France-Presse, 2015

Comments

Comments are closed.