Editorial
Minimize side effect
South Korea’s minimum hourly wage for 2023 has been set at 9,620 won ($7.41), a 5 percent increase from this year. The new rate translates to a monthly wage of 2.02 million won, surpassing the 2 million won mark for the first time. But neither the labor nor business side were satisfied with the outcome, posing a problem for the Yoon Suk-yeol administration, amid concerns about deepening economic woes including surging inflation. Made up of 27 representatives -- nine each from labor, bu