Korea Joongang Daily
Korea JoongAng Daily

Businesses reel after $4.7B bombshell wage ruling by top court

The Supreme Court's recent ruling to define wages could cost companies 6.8 trillion won a year, sending human resource departments into a panic over the financial and legal ramifications.

2025-01-17

The cost of low wages at embassy jobs (KOR)

The cost issue of local recruitment has been raised at every meeting of the heads of the diplomatic missions at the Ministry of Foreign Affairs. However, the bill failed to pass the National Assembly every time.

2024-10-23

The cost of low wages at embassy jobs

The cost issue of local recruitment has been raised at every meeting of the heads of the diplomatic missions at the Ministry of Foreign Affairs. However, the bill failed to pass the National Assembly every time.

2024-10-23

Time to change the way the wage is fixed

A responsible government must design a sustainable and predictable system.

2024-07-15

Korea sets 2025 minimum wage at 10,030 won

The minimum wage in 2025 will be 10,030 won ($7.30), marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level.

2024-07-12

Minimum Wage Commission holds ninth session on 2025 rate

The Minimum Wage Commission held its ninth plenary session on Tuesday as the sides attempt to come up with a number by Aug. 5.

2024-07-09

Boost competitiveness beyond a quick fix (KOR)

And yet, government relief measures lack long-term means to enhance their competitiveness and self-sufficiency and do not show structural guidance to advance the sector.

2024-07-05

Boost competitiveness beyond a quick fix

And yet, government relief measures lack long-term means to enhance their competitiveness and self-sufficiency and do not show structural guidance to advance the sector.

2024-07-04

Minimum Wage Commission rejects differentiated rates

The Minimum Wage Commission on Tuesday voted down a proposal to adopt different rates by industry next year. In a vote that took place during the commission's plenary session, 15 were against the different minimum wage rates, while 11 were in favor.

2024-07-02

Relieve SMEs of their minimum wage burden

98 percent of small merchants call for a cut or freeze in the minimum wage and 88 percent call for sectoral differentiation in the wage floor.

2024-06-13