Osan-si Confirms Next Year's Living Wage at 10,880 Won
1.7% Increase Compared to This Year... Applied to Public Sector Workers
Osan City in Gyeonggi Province held a Living Wage Deliberation Committee meeting and decided the living wage hourly rate for public sector workers next year to be 10,880 KRW.
This amount is 180 KRW (1.7%) higher than this year's living wage of 10,700 KRW, and 8.5% (850 KRW) higher than the Ministry of Employment and Labor's announced minimum wage hourly rate of 10,030 KRW for next year. Working the statutory 209 hours per month results in a monthly salary of 2,273,920 KRW.
Introduced in 2016, the living wage refers to a wage level that guarantees a humane life by considering costs such as housing, education, transportation, and cultural expenses, which are difficult to cover with the minimum wage alone. The living wage set this time applies to Osan City and its affiliated public sector workers.
The city explained that the increase in the living wage for next year was determined by considering economic conditions due to inflation and Osan City's financial situation.
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Kim Gisu, Director of the Economic and Cultural Bureau of Osan City, said, "We hope the living wage will greatly help stabilize the lives of public sector workers and revitalize the local economy."
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