Tuesday, July 08, 2008

Update: Minimum Wage

Although the Minimum Wage Council was petitioning for a 26% raise in minimum wage, the new figure for minimum wage will be 4,000 won (approximate $3.80) an hour. This is only a 6% increase. According to The Korea Times, about 2 million people live on minimum wage; this figure represents 13% of employees in Korea.


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