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

Kwon Soon-won, head of the Minimum Wage Commission, speaks to reporters during the 14th plenary session of the commission at the government complex in Sejong, central South Korea, on July 14, 2026, after 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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