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S. Korea Faces Task of Overhauling Decision-making Process to Set Minimum Wage

S. Korea Faces Task of Overhauling Decision-making Process to Set Minimum Wage

SEOUL, Jul. 12 (Korea Bizwire) — South Korea faces the task of overhauling the decision-making scheme to set the minimum wage as repeated tensions between labor and business have raised the need to improve the negotiation-based system, experts say. The main challenge will be how to operate the government’s proposed two-layer scheme to set the [...]

Constitutional Court Hears from Experts on Minimum Wage Hikes

Constitutional Court Hears from Experts on Minimum Wage Hikes

SEOUL, Jun. 13 (Korea Bizwire) — The Constitutional Court held an open hearing Thursday to decide whether the government’s hikes in the minimum wage infringe on private companies’ freedom of business activity stipulated in the Constitution. Legal representatives and experts for smaller firms and the labor ministry held a heated debate over whether the minimum [...]

Hikes in Minimum Wage Prompt Small Shop Owners to Cut Labor Forces: Gov’t

Hikes in Minimum Wage Prompt Small Shop Owners to Cut Labor Forces: Gov’t

SEOUL, May 21 (Korea Bizwire) — The labor ministry said Tuesday some small business owners responded to steep hikes in the minimum wage by firing workers, in its first official statement about the impact of the recent wage raises on employment. Between November 2018 and April, the government conducted an in-depth interview survey on four [...]

11 pct Rise in Employees with Fewer than 15 Hours of Work per Week

11 pct Rise in Employees with Fewer than 15 Hours of Work per Week

SEOUL, Mar. 18 (Korea Bizwire) — Employees with fewer than 15 hours of work hours per week increased in number last year, while they shrank in size in the wholesale/retail and food/lodging industries. The results overturn prior expectations that the higher minimum wage has forced employers in the wholesale/retail and food/lodging industries to hire workers [...]

Getting a Part-time Convenience Store Job Almost Impossible

Getting a Part-time Convenience Store Job Almost Impossible

SEOUL, Jan. 21 (Korea Bizwire) — According to convenience store industry watchers on Sunday, it has become almost impossible to find part-time work at convenience stores due to the increase in the minimum wage this year. With sales declining due to a sluggish economy and excessive competition, convenience store owners are having trouble paying part-time [...]