S. Korea fixes minimum wage for 2014
Aug. 1, 2013
South Korea's minimum wage has been set at 5,210 won ($4.66) per hour for next year, up slightly over 7 percent from this year, the labor ministry said Thursday.Earlier this month, a trilateral council of government, labor and management representatives agreed to raise the country's minimum wage for 2014 by 7.2 percent from the current 4,860 won per hour. The increase plan was confirmed as no objections or complaints were raised by labor and management, the ministry said, adding that it will mak