hourly wage Archives | Be Korea-savvy

Women’s Hourly Wages Climb to 70 Percent of Men’s: Gov’t Report

SEOUL, Dec. 27 (Korea Bizwire) — The average hourly wages of women climbed to about 70 percent of those of men last year, while the gap in employment between men and women has narrowed, a government report showed Wednesday. The labor and gender equality ministries jointly published the 2023 white paper report on women’s economic [...]

Next Year’s Minimum Wage Set at 8,720 Won in Smallest-ever Increase

SEJONG/SEOUL, July 14 (Korea Bizwire) — A national commission on Tuesday set next year’s minimum hourly wage at 8,720 won (US$7.25), raising the legal threshold by the smallest-ever annual increase, as the country faces economic headwinds from the new coronavirus. Up to 4 million workers, whose current hourly wage is lower than the amount, will [...]