Naju-si Decides Next Year's Living Wage at "Hourly 10,200 Won"

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do announced on the 1st that through two sessions of the living wage deliberation committee held on the 25th and 31st of last month, the living wage hourly rate for public sector workers next year has been finally set at 10,200 KRW.

The living wage is a system that pays wages above the minimum wage to enable a practical livelihood by comprehensively considering the housing, education, and cultural costs of wage workers. The city has been implementing this system since 2020.

The living wage for next year is 480 KRW higher than this year's hourly rate of 9,720 KRW, which is about 6% (580 KRW) higher than the government-announced minimum wage of 9,620 KRW for next year.

The confirmed living wage will be applied from January 1st next year to city-affiliated workers, workers of city-invested and funded institutions, and workers of private consignment institutions. If they work the statutory labor hours of 209 hours, they will receive approximately 2,132,000 KRW per month based on the ordinary wage.

Mayor Yoon Byung-tae said, "Considering comprehensively the minimum wage increase rate, wage levels of similar workers, and the city's financial conditions, we decided on a 5% increase compared to this year," and added, "We hope this will help guarantee the practical livelihood of low-wage workers, and we will do our best for the gradual increase of the living wage."

Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong baekok@asiae.co.kr

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