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Presidential Office Respects Decision on Minimum Wage for Next Year

Summary by The Korea Times
The presidential office said Friday it respects a decision by a commission of workers, employers and experts that raised the minimum hourly wage for next year, describing it as meaningful because the...

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The minimum wage has been in the debate in the last time, both for the new increases approved by the Congress, and for the definitions in the middle of the presidential campaign. One of these proposals was launched before the primary elections, the candidate at that time from the PC, Jeannette Jara and who has now maintained it as the standard-bearer of the ruling party. It is the proposal to achieve a minimum wage as a living wage of $750 thous…

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Lower than 5% in the first year of the Yoon administration… Labor sector: “Low-wage workers’ living expenses are woefully inadequate.” Public interest committee members: “We believe the economic situation next year will be worse than this year.” The minimum wage increase rate for next year, decided in the first year of the Lee Jae-myung administration, is the highest among the first-year increases of any previous government.

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Naver broke the news in on Thursday, July 10, 2025.
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