Shipowners to Pay Penalties for Overdue Wages

SEOUL, Jan. 7 (Korea Bizwire) — Shipowners who owe overdue wages to seafarers will now be levied interest charges of 10 percent for the delay. The Ministry of Oceans and Fisheries recently announced that the revised enforcement ordinance of the Seafarer Act passed the Cabinet meeting. Under the revised enforcement ordinance, shipowners will have to [...]