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 ...
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!
Labor costs.
It's a Korean version of the same reason American companies have factories across the border in Mexico.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.