Social Affairs
Next year's minimum wage set at W9,160 in 5.1% on-year increase
July 13, 2021
A national commission on Monday set next year's minimum hourly wage at 9,160 won ($7.98) in a 5.1 percent on-year increase. The Minimum Wage Commission, which is composed of nine members each from labor, business and the general public, struck the agreement around midnight during a plenary session held at the government complex in Sejong. During the negotiations, the labor side had called for a significant increase from this year's 8,720 won, while the management side had called for a freeze,