Sambo wrestling should become trademark of Russian sports — security officialSport August 18, 18:38
Iran may start oil supplies to Russia within monthBusiness & Economy August 18, 18:31
Nord Stream 2 project will be implemented despite sanctions — energy ministerBusiness & Economy August 18, 18:29
Two killed in stabbing in Turku, FinlandWorld August 18, 18:15
Moscow and Ankara agree upon Turkish Stream landfallBusiness & Economy August 18, 18:11
Russia may lift agricultural restrictions from Turkey by October 20Business & Economy August 18, 18:04
Senior official says Kyrgyzstan is interested in military cooperation with RussiaWorld August 18, 18:03
US, NATO fail to help Afghanistan fight drugs — Foreign MinistryRussian Politics & Diplomacy August 18, 18:01
This week in photos: Barcelona terror attack, lightning in Moscow, volcanoes in KamchatkaSociety & Culture August 18, 17:59
SEOUL, August 7 (Itar-Tass) - The government said a 251.2 million dollar insurance payment would be paid to companies working at the Kaesong Industrial Park.
Insurance payments will be paid to companies, which open its factors at the Kaesong zone and provide service to ensure the activity of the complex. On the first stage a total of 109 companies will be paid compensations at the amount of $6.25 million dollars. “The payments will be started tomorrow. Other companies, which did not ask for compensations, have right to receive insurance payments,” spokesperson to the Unification Ministry Kim Hyung-seok said.
The Kaesong industrial zone, which was closed by the North Korean authorities’ decision, does not function over four months. Thus, South Korean companies sustained losses at the sum of over one billion dollars.
After compensations are paid South Korea will manage these companies.
The Kaesong complex started to work in 2004. Till now it has been the unique example of cooperation between the North and the South.