Next year's minimum hourly wage set at 10,700 won

Ryu Gi-jeong, executive director of the Korea Enterprises Federation, exits the 14th plenary session of the Minimum Wage Commission at the government complex in Sejong, central South Korea, on July 14, 2026. The commission, composed of members from labor, business and the general public, decided to set next year's legal hourly minimum wage at 10,700 won (US$7.20), up 3.7 percent on-year. (Yonhap)

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