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Commission Raises Minimum Wage by 2.9% for 2026

Summary by The Korea Times
The Minimum Wage Commission said Thursday it has reached an agreement to raise next year's minimum wage by 2.9 percent to 10,320 won ($7.51) per hour. The decision was made by the tripartite panel, wh...

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A 2.9% increase over this year… The 8th labor-management agreement decision in history The minimum wage for next year has been decided at 13,200 won per hour, a 2.9% increase over this year. Next year’s minimum wage was decided through labor-management-management agreement for the first time in 17 years since 2008. The minimum wage for next year has been decided through labor-management-management agreement for the first time in 17 years since 2…

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Australian Medical Association broke the news in on Thursday, July 10, 2025.
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