[bert]

What I don’t understand is why doesn’t some enterprising South Korean open identical factories on their side of the border?

[VanShuyten]

“What I don’t understand is why doesn’t 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.

[Rusty0604]

See my post 11.

[darrellmaurina]

6 posted on 3/30/2013 1:33:44 PM by bert: “What I don’t understand is why doesn’t some enterprising South Korean open identical factories on their side of the border?”

Labor costs.

It's a Korean version of the same reason American companies have factories across the border in Mexico.