July 13, 2018 11:47
Convenience stores are threatening a nationwide strike in protest against the government's minimum wage hike.
The association of convenience store owners held a press conference in Seoul on Thursday and said its 70,000 members will strike. Their spokesman Hong Sung-kil said, "When next year's minimum wage level is decided on Saturday, we will all go on strike."
Convenience stores claim that a 16.4-percent hike in the minimum wage would cause labor costs to balloon to 50 percent of their earnings. Instead they want a freeze.
The Korea Federation of Micro Enterprise also held a press conference in Seoul and announced it will boycott the minimum wage hike and instead set its own minimum wage agreed with employees.
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