The owner of a GS25 convenience store in Seoul surnamed Lee, 58, is considering dismissing a part-time worker after the government decided to raise next year s minimum wage by 2.5 percent to 9,860 won ($7.67).
A quarter of workers in Germany earn less than €14 an hour thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.
After nearly four months of tug-of-war, next year s minimum wage has been set. As always, however, it satisfied neither employees nor employers while reaffirming problems with how the decision is made every year.
Next year s hourly minimum wage was set at 9,860 won ($7.80) Wednesday, an increase of 2.5 percent from this year. The 27-member Minimum Wage Commission, composed of nine representatives each from government, business and labor, reached the decision in a meeting that started Tuesday and continued through early Wednesday in the central city of Sejong. The new minimum wage for 2024 is 240 won higher than this year s 9,.
Next Year s Hourly Minimum Wage Set at 9,860 Won koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.