Next Year's Minimum Wage to Be Set Between 10,210 and 10,440 Won

Next year's minimum wage is expected to be set between 10,210 won and 10,440 won.

At the 10th plenary meeting of the Minimum Wage Commission held at the Government Complex Sejong on July 8, the public interest members proposed a "deliberation facilitation range" of 10,210 won (an increase of 1.8%) to 10,440 won (an increase of 4.1%) in an effort to narrow the gap between labor and management.

Yonhap News

As the gap between labor and management remained unresolved, the public interest members listened to both sides and presented the deliberation facilitation range. Both parties will submit revised proposals within this range, and based on these revised proposals, the commission will determine next year's minimum wage through either consensus or a vote.

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