S. Korea to raise minimum wage for next year by 2.9 pct
South Korea decided Friday to raise the minimum wage for next year by 2.9 percent, the slowest growth in a decade, as it took into account an economic slowdown and sluggish job growth. The Minimum Wage Commission, involving labor and business representatives and experts, set the minimum wage at 8,590 won (US$7.32) per hour for […]
South Korea: minimum wage stirs up controversy again
The government’s ordinance to revise the calculation method for the minimum wage is stirring up controversy and fueling conflict between businesses and workers. They have been locking horns over a particular issue concerning the inclusion of wages employers need to pay their employees for days off. Basically, companies will have to “legally” count and add […]
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