2022 minimum wage set at 9,160 won, falling short of Moon’s campaign promise
Social affairsJul 13, 2021
South Korea has set its minimum wage level for 2022 at 9,160 won ($8) per hour, up 5.05 percent from this year’s 8,720 won, after labor and business presented vastly different views on how the rate should be set to assist those suffering from the COVID-19 pandemic. The Minimum Wage Commission chose the middle ground. Yet the agreement reached late Monday was not well received, drawing fire from both labor and business representatives. The commission consists of 27 members, nine each from