Gov’t Unveils 3 tln-Won Subsidy Plan to Help Firms with Sharp Minimum Wage Raise

SEOUL, Nov. 9 (Korea Bizwire) — The government said Thursday it will inject nearly 3 trillion won (US$2.7 billion) into smaller companies to ease their cost burden resulting from a drastic increase of the wage floor starting next year. A company with less than 30 staff will be eligible for state support of up to [...]