Minimum Wage Hike Will Lead to Job Losses, Businesses Warn

SEOUL, Jul. 20 (Korea Bizwire) — A new survey shows nearly 8 out of 10 employers are considering downsizing staff after the country’s new minimum wage of 7,530 – set to kick in next year – was announced last weekend. Findings from the survey on the new minimum wage released by recruitment website Alba Heaven [...]