wage differential Archives

Wage Gap between Prime Contractors and Subcontractors at Critical Level in Korea

SEOUL, July 14 (Korea Bizwire) – The wage differential between general contractors and subcontractors has worsened to a critical level, and corrective measures should be applied to curb the trends. The Economic and Social Development Commission held an open forum to discuss the structural situation of prime contractors and subcontractors and its remedies for them [...]

Half of Paid Workers in Korea Earn Less than 2 Million Won per Month

SEJONG, May 1 (Korea Bizwire) — According to Statistics Korea, 49.5 percent of the 18,945,000 paid workers in Korea earned less than 2 million won (US$ 1,862) per month in 2014, while 12.3 percent earn more than 4 million won (US$ 3,724). Specialized and scientific workers, and financiers and insurance workers were the most likely [...]