SEJONG, July 19 (Korea Bizwire) — Next year’s hourly minimum wage was set at 9,860 won (US$7.80) Wednesday, an increase of 2.5 percent from this year. The Minimum Wage Commission, composed of 27 members, nine each representing public interest, business and labor, reached the decision in a meeting that started Tuesday and continued through early [...]
SEOUL, Feb. 21 (Korea Bizwire) — Platform workers and cab drivers earned less than the minimum hourly wage last year, a labor group said Monday. The Federation of Korean Trade Unions conducted a survey of 600 platform laborers which showed that their monthly income jumped from 2,995,000 won (US$2,305) when social distancing measures were still [...]
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 [...]
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 [...]
SEOUL, Aug. 5 (Korea Bizwire) — The minimum hourly wage for next year has been finalized at 9,620 won (US$7.38), a 5 percent increase from this year, as previously agreed upon by representatives of the country’s labor and management, the labor ministry said Friday. The ministry officially published the 2023 minimum wage in the government [...]
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 [...]
SEOUL, June 30 (Korea Bizwire) — Representatives of South Korea’s labor and management have agreed to set next year’s minimum hourly wage at 9,620 won (US$7.41) in a 5 percent increase from this year, officials said Thursday. The Minimum Wage Commission, which is composed of nine members each from labor, business and the general public, [...]
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 [...]
SEOUL, June 14 (Korea Bizwire) — About 6,500 workers with disabilities legally earned less than the minimum wage last year, a report said Tuesday. The report from the Korea Labor and Society Institute found a total of 6,547 workers were excluded from the minimum wage rule as of August 2021. Their average monthly wage was [...]
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 [...]