Gwangju Buk-gu, Next Year's Living Wage 10,520 Won... 1.6% Increase from Previous Year

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (District Mayor Moon In) announced on the 15th that the Buk-gu Living Wage Deliberation Committee held on the 9th finalized the 2021 living wage standard amount at an hourly rate of 10,520 won.

This is a 1.6% increase from this year's 10,353 won and is 1,800 won higher than the government-set minimum wage of 8,720 won for next year, matching the Gwangju living wage.

This living wage was calculated by applying the Gwangju-type standard model, which considers workers' minimum living costs, household expenditures, and price levels annually.

Starting January 1 next year, it will apply to 53 workers directly employed by Buk-gu or those belonging to private consignment institutions such as construction and service contracts, and based on an 8-hour workday and 209-hour monthly work standard, they will receive 2,198,680 won per month.

Despite difficult financial conditions, Buk-gu sets the living wage at more than 20% higher than the government's minimum wage every year.

Mayor Moon In of Buk-gu said, “I hope this helps workers struggling due to COVID-19, and we will continue to actively work towards stabilizing residents' lives, improving welfare, and resolving income inequality.”

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