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(LEAD) Gov't to hold meeting with Kaesong firms over wages

All Headlines 11:17 March 04, 2015

(ATTN: UPDATES throughout with ministry's announcement)

SEOUL, March 4 (Yonhap) -- The South Korean government said Wednesday it will hold a round-table meeting this week with the heads of local firms operating in the Kaesong Industrial Complex to discuss how to handle North Korea's unilateral decision to raise the wages of its workers there.

The unification ministry is scheduled to hold the meeting with the council of relevant companies at its headquarters in Seoul at 5 p.m. on Thursday, said ministry spokesman Lim Byeong-cheol. The ministry is in charge of inter-Korean relations.

"We plan to review measures regarding the recent situation," he said at a press briefing. "Along with related government officials, Chung Ki-sup, head of the council, and about 10 other representatives will attend (the meeting)."

Another ministry official also said the meeting is intended "to share the government's position on the matter and listen to the opinion of the firms."

Last week, the North announced it would raise the minimum wage for its workers in the zone by 5.18 percent to US$74 a month starting in March.

South Korea said it cannot accept a decision made without mutual consultation.

The ministry spokesman said the North has not responded yet to the South's offer of talks on the Kaesong complex on March 13.

"The government will continue to urge North Korea to hold consultations between the authorities of the two sides, which are essential for the development of the Kaesong Industrial Complex," Lim said.

The North is apparently aware that both sides have already agreed to resolve every problem related to the operation of the joint venture, he added.

Launched in 2004 in the North's border town, the zone is home to around 120 South Korean firms, mostly small and medium-sized, which employ more than 53,000 North Korean workers.
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