After Steep Minimum Wage Hike, Retailers and Consumers Focus on Value

SEOUL, March 22 (Korea Bizwire) — Three months into the first leg of South Korean president Moon Jae-in’s staggered plan to raise the minimum wage to 10,000 won by 2020, both those who buy and those who sell are focusing on value as prices have risen before and after the 16 percent minimum wage increase [...]