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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 [...]

Over Half of Koreans Predict Negative Economic Effect from Minimum Wage Hike

Over Half of Koreans Predict Negative Economic Effect from Minimum Wage Hike

SEOUL, Jan. 18 (Korea Bizwire) — More than half of South Koreans think this year’s minimum wage hike will have a negative effect on the economy, a survey showed Friday. The poll of 1,002 adults nationwide by Gallup Korea found 52 percent of people predict negative economic effects from the latest minimum wage increase. Only [...]

Mom-and-pop Stores Ask Gov’t to Reflect their Views in Setting Minimum Wage

Mom-and-pop Stores Ask Gov’t to Reflect their Views in Setting Minimum Wage

SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s mom-and-pop stores on Monday called on the government to reflect their views in revising the minimum wage structure so as to minimize the fallout from rising labor costs. In a press conference held in Seoul, Choi Seung-jae, chairman of the Korea Federation of Micro Enterprise, whose organization [...]

Self-employed People Face Gloomy Outlook

Self-employed People Face Gloomy Outlook

SEOUL, Jan. 2 (Korea Bizwire) — Small business owners in South Korea may face a bumpy road again this year despite a series of government measures to support them, industry watchers said Wednesday. The year 2018 was one of the worst years for self-employed people in Asia’s fourth-largest economy as they were hit hard by [...]