South Korea Inches Towards Living Wage As Minimum Wage Hikes to 7,530 Won

SEOUL, Jul. 18 (Korea Bizwire) — South Korea’s minimum wage for 2018 has risen to 7,530 won ($6.70), after a government council voted nine to six in favor of the labor side of the negotiation team, pushing the country’s minimum wage above the likes of Israel and Spain. Compared to this year’s 6,470 won, next [...]