Next year's minimum hourly wage set at 10,320 won
Ryu Gi-jeong, executive director of the Korea Enterprises Federation, speaks to reporters after attending the 12th plenary session of the Minimum Wage Commission at the government complex in Sejong, central South Korea, on July 10, 2025. The commission, composed of members from labor, business and the general public, voted 23-0 to pass a proposal to set next year's minimum hourly wage at 10,320 won (US$7.51), up 2.9 percent on-year, marking the first agreement reached among the three sides in 17 years. (Yonhap)
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