Skip to comments.North Korea Threatens to Close Factories It Runs With South
Posted on 03/30/2013 11:19:07 AM PDT by Corporate Democrat
SEOUL, South Korea North Korea, reiterating that it considered the Korean Peninsula back in a state of war, threatened Saturday to shut down a factory complex it jointly operates with South Korea that stands as the last significant symbol of cooperation.
The industrial park, the eight-year-old Kaesong complex in the North Korean border town of the same name, is a crucial source of badly needed cash for the heavily sanctioned North. It funnels more than $92 million a year in wages for 53,400 North Koreans employed there, and its operation has survived despite years of military tensions. The latest threat to close down Kaesong came amid a torrent of bellicose statements by the North in recent days, widely seen as a strategy to increase pressure on South Korea and the United States to soften their policies on the North.
(Excerpt) Read more at nytimes.com ...
And who is this going to hurt more?
The South gives them the work to help keep them from starving.
Meanwhile, the little fat man has told the ChiComs that it’s still safe to spend their tourist money in his little prison planet, because he will not start a war.
So, shut the MFer down !
The guy and his father has been starving their people for years....Only the army gets paid...This is a recruiting trick. ‘cept IIRC, the army was short of “stuff”, too.
The biggest threat to the South would be for the North to open its border to allow the starving hordes from the North to flood over into the South.
What I don’t understand is why doesn’t some enterprising South Korean open identical factories on their side of the border?
“What I dont understand is why doesnt some enterprising South Korean open identical factories on their side of the border?”
Because the average wage there, according to the article, is $144/mo. Even South Koreans won’t work for that.
It is my understanding that some are near the border and south Koreans cross the border to work
My thoughts exactly!
Well to show them, Barry is going hold his breath until his lips turn purple! /sarc
SK companies made the investment to build the plants in exchange for cheap NK labor. I don’t think the labor could be cheap enough for me to invest anything in NK and trust them not to take it.
See my post 11.
53k NORKS at work?
That’s a pretty large complex.
I thought they had already declared war? How could the factories still be open?
not just the chi-coms
Americans and others are said to be going to this utopia for vacations. With your personal minder.
I hope they do it....finally we get a chance to lance this festering boil. No doubt it will be bloody, more on them than us. They have no means to resupply or feed their army...it will be a one shot best shot deal
North Korea is sliding inexorably down the toilet of poverty and ignorance, not to say national insanity.
The only question is whether or not they’ll attempt to take anyone else with them down the tank.
CHINA! As it's always been...
Back in the Korea War, we had no leverage on China.
I think that’s changed dramatically as we have become such a huge comsumer of their labor.
Heck we could even threaten to shut down their Kentucky Fried outlets....
Everyone except the peasants wins.
Heh. Kentucky Fried Tree Bark as it’s known in NK.
I tend to see the NORKS as China’s junkyard dog - kept on a choker chain, starving-lean and mean. But they’ll not let that dog die. To be unchained when it suits them.
“North Korea is sliding inexorably down the toilet of poverty and ignorance, not to say national insanity.”
To borrow a popular Brit phrase, North Korea is not just sliding down the toilet, they’ve gone “clean round the bend”!
(’round the bend’ refers to the ‘bend’ in the toilet discharge channel, i.e. the “P” trap, or “S” trap which, when partially filled with the water in the bottom of the bowl, keeps sewer gas from rising into the bathroom.)
China has been waging cyberwar on us for years now, and has hacked into our infrastructure. By now they could probably shut us down if they wanted to, including our oil pipelines, power grids and communications. What if China is actually behind all this belligerent behavior?
$92 million for 54,000 workers? That’s about $1,800 a year!
It's a Korean version of the same reason American companies have factories across the border in Mexico.