Raise the wage
Labor representatives of the Minimum Wage Commission (MWC) announce their minimum wage demand for next year during a press conference held at the government complex in Sejong on Thursday. The labor representatives have demanded next year’s minimum wage be set at 12,210 won ($9.44) per hour, up 26.9 percent from this year’s 9,620 won. The MWC is a trilateral committee composed of representatives from labor, management and the public that announces new minimum wages by Aug. 5 every year. Management representatives have yet to announce their wage demands. [YONHAP]