Jeonnam Provincial Office of Education Announces Next Year's Living Wage Hourly Rate at 10,280 Won
Set 6.9% Higher Than Government Minimum Wage
[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] The Jeonnam Provincial Office of Education has decided to raise next year's living wage by 8.2% from last year (9,500 won) to an hourly wage of 10,280 won.
According to the Jeonnam Provincial Office of Education on the 19th, the living wage is set differently from the minimum wage to enable workers to support their families and maintain a practical standard of living in areas such as education and culture. The Office introduced the living wage system through the enactment of the 'Living Wage Ordinance' in May 2020.
Next year's living wage by the Office was calculated comprehensively considering ▲consumer price inflation rate ▲wage increase rate ▲minimum wage increase rate ▲financial status.
This amount is 6.9% higher than next year's minimum wage of 9,620 won per hour, and about 980 workers affiliated with the Jeonnam Provincial Superintendent of Education will benefit from the living wage.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Superintendent Kim Dae-jung stated, "I hope this living wage decision will somewhat contribute to stabilizing the lives of workers who are facing difficulties due to the prolonged COVID-19 pandemic."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.