Next year's minimum wage set at 9,860 won

Ryu Ki-seob (C, front), secretary general of the Federation of Korean Trade Unions, and other representatives of employees meet the press after attending the 15th plenary session of the Minimum Wage Commission at the government complex in Sejong, central South Korea, on July 19, 2023. The commission, composed of members from labor, business and the general public, passed a proposal to set next year's minimum hourly wage at 9,860 won (US$7.80), up 2.5 percent on-year, by a 17-8 vote with one abstention. (Yonhap)

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