Minimum Wage to Rise to W6,470 per Hour

      July 18, 2016 10:03

      Korea's minimum wage for next year has been set at W6,470 an hour, up 7.3 percent from this year (US$1=W1,134).

      Business leaders and Labor representatives reached the decision in marathon overnight discussions that ended at 4 a.m. Saturday.

      The increase is slightly smaller than this year's 8.1 percent.

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