Putin, Rouhani stress importance of joint efforts in settlement of Syrian conflictRussian Politics & Diplomacy May 27, 14:32
Federatsiya spacecraft’s first flight may be rescheduled to 2022 - sourceScience & Space May 27, 14:29
Zbigniew Brzezinski dies at age of 89World May 27, 6:57
More than two-thirds of Russians say would like to venerate St Nicholas’s relicsSociety & Culture May 27, 6:40
Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
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.