Finance Minister Vows to Smooth Out Potential Fallout of Minimum Wage Hike

SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s chief economic policymaker said Tuesday that the government will redouble efforts to successfully implement a series of measures aimed at smoothing out a rise in minimum wage that takes effect this year. In July last year, the country decided to increase its minimum wage by 16 percent [...]