North Korean Economic Lifelines Get Back to Business
...
The Kaesong complex was founded in 2000 following talks between then-South Korean President Kim Dae-jung and Mr. Kim. It has stayed open during even the tensest times between the two countries, including the North's surprise shelling last year of the inhabited South Korean island of Yeonpyeong. Part of the reason is economic: With output totaling $1.44 billion in the first 10 months of the year and wages averaging $114.30 per month for workers, the complex is one of North Korea's major sources of hard currency. ...
South Korean Government should finance back up whoever doing business at
the Kaesong Complex. This is a great sauce of quality labor at low cost. They have been for long period time one system
they don’t know any other systems, they would be very hard working people. Korean is Korean, hard workers anyway. Doing business
at the Kaesong Complex save lots of money for the labor cost, just cross
boarder, probably lot less than the labor cost than doing business in South(
South Korea minimum wage was US$1000 (2008)). I am not
say exploitation North Korean or sweatshop but rather, difference economy
difference exchange, it is comparative advantage. South has money, know-how,
market and the North has the labor and land, simply exchange. Thus South Korean business
much more competitive in world market. South
Korean, our generation we should more open mind about our North side people. Remember
they are our own people! Doing business with
North! Yes we are in business! That is
for sure, lots of whole sale smart phones, computers etc.. into the North Korean markets I can see
next year so? O man we completely forget 25 millions market just cross boarder! We don’t care politics we care ony making money
right? We are in business right? Why Some South Korean Universities offer scholarships
to North Korean students come to learn some nice technologies.
By the way if we keep crossing the boarder will be soon wear-tear so the boarder won’t be
there too long for sure
