Gwangsan-gu, Gwangju, Confirms Next Year's Living Wage at 'Hourly 10,920 Won'

Monthly 2,282,280 Won... 3.8% Increase Compared to Last Year

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangsan-gu, Gwangju Metropolitan City announced on the 6th that the living wage for 2022 has been set at 10,920 KRW per hour.

The living wage is a wage that supports the stabilization of public sector workers' lives and enables practical living in various fields such as education, culture, and housing.

Since Gwangsan-gu first implemented the living wage system in the Gwangju area in 2014, it has annually prioritized ensuring workers' actual livelihood and determined the increase rate accordingly.

The living wage for next year has been raised by 3.8% (400 KRW) from this year's living wage of 10,520 KRW. It is 1,760 KRW higher than the minimum wage of 9,160 KRW for next year.

The 2022 living wage was calculated by applying the ‘Gwangju-type standard model,’ which considers the minimum cost of living for a three-person household, household expenditures within the region, and price levels, and was finalized after deliberation by the Gwangsan-gu Living Wage Committee.

The living wage decided this time will be applied from January 1 next year to workers directly employed by Gwangsan-gu or those belonging to private consignment institutions such as construction and service contracts.

Based on an 8-hour workday and 209 hours per month, workers will receive 2,282,280 KRW per month.

A Gwangsan-gu official said, “We hope that the increased living wage will help improve the actual quality of life for workers who are struggling due to COVID-19.”

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