Korea has set its minimum wage level for 2024 at 9,860 won ($7.80) per hour, up 2.5 percent from this year’s 9,620 won. The raise would translate to a monthly income of 2.06 million won, based on a 40-hour workweek. The decision was made early Wednesday following a 15-hour meeting of the Minimum Wage Commission, composed of members spanning labor, business and the general public. Though eyes were on whether the.
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