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Labor, management far apart over minimum wage

All Headlines 11:23 July 01, 2020

SEOUL, July 1 (Yonhap) -- Labor unions on Wednesday demanded a 16.4 percent hike in the national minimum wage for next year, while employers called for a 2.1 percent cut, presaging a tough negotiation already complicated by the impact of the coronavirus pandemic.

The two sides offered their demands during a fourth plenary meeting of the Minimum Wage Commission in Seoul.

This year's minimum wage is 8,590 won (US$7.17) per hour, marking an increase of 2.9 percent on-year, far lower than the 10.9 percent in 2019 and the 16.4 percent in 2018.

The Minimum Wage Commission holds a plenary session in Seoul on July 1, 2020. (Yonhap)


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