New “Seoul-type Living Wage System” to Be Implemented in 2015 with an Hourly Wage of KRW 6,687
The “Seoul-type Living Wage System” guarantees a minimum wage level that ensures low-income households with financial difficulties maintain their quality of life in all areas, such as housing, food, transportation, and culture, setting the minimum hourly wage for 2015 at KRW 6,687. In determining this wage level, cost of living, educational expenses, and inflation rates... Read more
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