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12 pct of Small Business Employees Paid Less than Minimum Wage: Poll

12 pct of Small Business Employees Paid Less than Minimum Wage: Poll

SEOUL, Sept. 6 (Korea Bizwire) — More than 1 in 10 individuals working at businesses with fewer than five employees are paid less than the minimum wage, a poll showed Monday. The Federation of Korean Trade Unions conducted a survey of 470 people working at small businesses with fewer than five employees, which showed that [...]

Civic Group Files Constitutional Petition Against Minimum Wage System

Civic Group Files Constitutional Petition Against Minimum Wage System

SEOUL, Aug. 6 (Korea Bizwire) — A civic group filed a constitutional petition against the state minimum wage system Friday, arguing that enforcing a compulsory minimum wage on employers violates their freedom of contract and business. The petition by the public labor union minimum wage response committee was filed with the Constitutional Court hours after [...]

Convenience Store Owners Mull Charging More During Late-night Hours

Convenience Store Owners Mull Charging More During Late-night Hours

SEOUL, July 7 (Korea Bizwire) — Convenience store owners are considering imposing extra charges during late night hours in protest of the recent decision to raise the minimum wage next year. The Korea Franchisee Union, comprised of all franchisees of major convenience store chains, said Wednesday that it has decided to ask convenience store chains [...]

Panel Votes Not to Differentiate Minimum Wage by Industry Next Year

Panel Votes Not to Differentiate Minimum Wage by Industry Next Year

SEOUL, June 17 (Korea Bizwire) — A tripartite panel tasked with determining next year’s minimum wage has agreed not to apply different rates to different industries, maintaining the current system, officials said Friday. The Minimum Wage Commission, which is composed of 27 representatives, nine each from labor, business and the general public, met at the [...]

Paid Leave, Minimum Wage Guaranteed for Domestic Workers

Paid Leave, Minimum Wage Guaranteed for Domestic Workers

SEOUL, May 27 (Korea Bizwire) – The four major social insurances and minimum wage will be guaranteed for domestic workers in South Korea. The Ministry of Employment and Labor announced that a revised enforcement ordinance of the Domestic Worker Act passed a Cabinet meeting on Thursday. The revised enforcement ordinance stipulates that domestic workers should [...]