7.3 Trillion Won Necessary to Subsidize 10,000 Won Minimum Wage

SEOUL, Oct. 18 (Korea Bizwire) — The Moon Jae-in administration will have to spend over 7.3 trillion won (US$6.4 billion) in the 2018-2020 period to subsidize the raising of the country’s minimum wage to 10,000 won ($8.8) per hour, a report said Wednesday. The Moon government said in July it will raise the minimum wage [...]