Real Wages Drop 1.5% in First Half Despite Wage Increase…Survey

SEOUL, Aug. 31 (Korea Bizwire) — Real wages, after adjusting for inflation, experienced a decline of 1.5 percent year-on-year during the first half of the current year, as revealed by a recent survey. This marks a significant turning point since 2011 when the Ministry of Employment and Labor expanded its survey coverage to encompass “enterprises [...]