Wage relations

The Minimum Wage Commission holds its 14th plenary meeting at the government complex in Sejong on July 14, where labor and business representatives have submitted their 10th revised proposals for the 2027 minimum wage. Labor proposed raising the hourly minimum wage to 11,150 won ($7.50), up 850 won from this year, while employers proposed 10,550 won, an increase of 230 won.