Daejeon Sets Next Year's Living Wage at 11,636 Won, Up 3.8%
Monthly 2,431,924 Won... Applied to 1,854 Employees of Investment and Contribution Organizations
Daejeon City announced that it has set the 2025 living wage at 11,636 won per hour.
This is an increase of 426 won (3.8%) compared to this year's living wage (11,210 won), and 1,606 won (16%) higher than the 2025 minimum wage of 10,030 won per hour announced by the Ministry of Employment and Labor.
Converted to a monthly salary, this amounts to 2,431,924 won (based on 209 working hours per month), which is 335,654 won more than next year's minimum wage and 89,034 won more than this year's living wage.
The city plans to apply the living wage to 1,854 workers, including those employed by the city, city-funded and city-invested institutions, public corporations, and low-wage workers in privately contracted services (including those funded by the national and city governments).
Kwon Kyungmin, Director of Daejeon City’s Economic Affairs Bureau, said, “The living wage is a wage policy to ensure that low-wage workers in Daejeon’s public sector can maintain a minimum standard of living,” and added, “This decision on the living wage is the result of careful consideration for the lives of Daejeon’s workers, even amid difficult financial and local economic circumstances.”
Hot Picks Today
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- Is This the Peak? As Others Hesitate..."The Answer Is Clear for Surviving the KOSPI 10,000 Era"
- "I Take Full Responsibility"... Chung Yongjin Issues Direct Apology for Starbucks 'May 18 Controversy' (Update)
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.