S. Korea Faces Task of Overhauling Decision-making Process to Set Minimum Wage

SEOUL, Jul. 12 (Korea Bizwire) — South Korea faces the task of overhauling the decision-making scheme to set the minimum wage as repeated tensions between labor and business have raised the need to improve the negotiation-based system, experts say. The main challenge will be how to operate the government’s proposed two-layer scheme to set the [...]