South Korea Vows Crackdown on Employers Over Surging Wage Arrears

SEOUL, Apr. 22 (Korea Bizwire) – South Korea’s government announced plans to intensify legal actions and asset investigations targeting employers who fail to pay employees, as wage arrears continued rising this year after hitting record highs in 2023.  The Ministry of Employment and Labor said that it has prepared new guidelines to strengthen the handling of [...]

Wage Arrears in South Korea Hit Record High, Exceeding 1.7 Trillion Won

SEOUL, Jan. 26 (Korea Bizwire) — South Korea has recorded its highest ever wage arrears, surpassing 1.7 trillion won last year, marking a significant increase from the previous year. According to a statement from the Ministry of Employment and Labor, the total amount of unpaid wages in the past year amounted to 1.78 trillion won. This [...]