Bucheon City, 2021 Living Wage Set at 10,500 Won... Full Expansion of Applicable Targets

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province has set the living wage for next year at 10,500 KRW (hourly rate) and announced it on the city’s website on the 7th.

The living wage is a wage paid above the minimum wage so that workers can support their families and maintain a decent life in various fields such as education and culture. The target includes workers belonging to the city, public corporations, public institutions, and entrusted organizations commissioned with city affairs.

The Bucheon Living Wage Committee proposed the living wage for next year as 10,500 KRW, reflecting the minimum cost of living (91%, 10,408 KRW) and an adjustment amount (0.87%, 92 KRW) in response to the economic downturn caused by COVID-19. This was finalized after deliberation and resolution by the Bucheon Regional Labor-Management-Government Council.

Additionally, based on mutual consultation among local labor, management, and government, a new policy goal was presented: "Achieving 100% of the minimum cost of living and full expansion of the application target over the next 10 years."

Jang Deokcheon, Mayor of Bucheon and chairman of the Bucheon Regional Labor-Management-Government Council, stated, "Despite the difficult conditions caused by COVID-19, we will actively strive to ensure that socially vulnerable workers and small business owners can maintain a stable life."

Meanwhile, last month Bucheon City plans to establish a Bucheon-type living wage system that reflects contemporary changes by fully revising the "Bucheon Living Wage Ordinance," first enacted nationwide in 2013, and supplementing the functions, roles, application, and decision procedures of the Living Wage Committee.

This content was produced with the assistance of AI translation services.