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Results 1 - 3 of 3 for currency crisis

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  1. News - Asia - KOREAN PENINSULA

    Two Koreas start fresh talks on joint Kaesong industrial site

    Posted Jul 10th 2013, 11:11am by AFP

    ... industrial complex, which shut down three months ago as relations between the frosty neighbours hit crisis point. “We’ll do our best to ensure this meeting will lead to restoration of mutual trust ... economy. The South Korean-funded site was a key source of hard currency for the impoverished North. The South also wants a pledge to safeguard uninterrupted movement in and out of the complex, ...

    http://www.scmp.com/news/asia/article/1279418/two-koreas-start-fresh-talks-joint-kaesong-industrial-site
  2. News - Asia - KOREAN PENINSULA

    North Korea urges foreigners in South to evacuate

    Posted Apr 09th 2013, 03:38pm by AFP

    ... reflects the depth of the current crisis on the Korean peninsula, which has otherwise been more notable for fiery rhetoric than action. Located 10 kilometres inside North Korea, Kaesong is a crucial hard currency source for the impoverished North, through taxes and revenues, and from its cut of the workers’ wages. Turnover last year was reported at US$469.5 million, with accumulated ...

    http://www.scmp.com/news/asia/article/1210757/north-korea-urges-foreigners-south-evacuate
  3. News - Asia - KOREAN PENINSULA

    Two Koreas restart operations at Kaesong industrial zone

    Posted Sep 16th 2013, 09:54am by AFP

    ... in the future,” the textile company manager told AFP. “Who knows if a crisis like this will happen again?” he told AFP. Who knows if a crisis like this will happen again? Seoul textile company manager ... cooperation. It provided an important hard currency source for the impoverished North through taxes, other revenues, and its cut of workers’ wages. It had appeared immune to previous downward spirals ...

    http://www.scmp.com/news/asia/article/1310732/two-koreas-restart-operations-kaesong-industrial-zone

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