October 2019

Korea – Minimum wage increase for 2020

By Sang Wook Cho,Soojung Lee, October 29 2019 On 15 August 2019, the Ministry of Employment and Labor (‘MOEL’) announced the minimum wage for 2020 as KRW 8,590 (approximately USD 7) per hour, which represents a 2.9% increase from this year’s KRW 8,350. Consequently, in 2020, for an employee who works 40 hours per week, Read More