Gov't fixes next year's minimum wage at 8,590 won
- 5 years ago
내년도 최저임금 8천590원 확정…재심의 안 한다
The government has set next year's minimum wage at 8-thousand-five-hundred-and-ninety won, or about seven-dollars-and-sixteen cents.
The labor ministry on Monday posted the hourly rate, which will apply across all workplaces from January first next year.
The wage hike is in line with the Minimum Wage Commission's decision in July to raise the hourly pay rate by two-point-nine percent,... the smallest gain since 2010.
President Moon Jae-in had pledged to raise hourly pay to ten-thousand won an hour by 2020,... but there's been a strong backlash from businesses amid the country's economic slowdown and sluggish employment figures.
The government has set next year's minimum wage at 8-thousand-five-hundred-and-ninety won, or about seven-dollars-and-sixteen cents.
The labor ministry on Monday posted the hourly rate, which will apply across all workplaces from January first next year.
The wage hike is in line with the Minimum Wage Commission's decision in July to raise the hourly pay rate by two-point-nine percent,... the smallest gain since 2010.
President Moon Jae-in had pledged to raise hourly pay to ten-thousand won an hour by 2020,... but there's been a strong backlash from businesses amid the country's economic slowdown and sluggish employment figures.