S. Korean Businesses Face Double Whammy of Minimum Wage Hike and Shorter Working Hours

SEOUL, Jan. 2 (Korea Bizwire) — South Korean small and medium-sized businesses are expected to take a hit this year from the double whammy of a minimum wage hike and reduced working hours. The highest minimum wage hike in 17 years takes effect this month with a jump to 7,530 won per hour. However, not [...]