Panel to hold final negotiations on next year's minimum wage
The gap has narrowed from an initial 1,680 won to 690 won, but both parties have yet to find the middle ground, they said
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Summary
The gap has narrowed from an initial 1,680 won to 690 won, but both parties have yet to find the middle ground, they said. Last year, the MWC increased the minimum hourly wage by 2.9 percent to 10,320 won ($6.89), the rate in effect this year. At the last meeting, labor and management proposed 11,220 won per hour and 10,530 won, respectively, officials said.
Furthermore, The minimum wage increase for 2025 was 1.7 percent, following a 2.5 percent increase the previous year. The MWC plenary meeting was set to begin at 3 p.m. at the Sejong Government Complex in the central administrative city, with the labor and management circles having narrowed the difference of their proposed minimum wages to 690 won. The public interest representatives are expected to propose a "deliberation facilitation" range and urge the two sides to either reach an agreement within the range or put the matter to a vote.
In addition, The MWC, a trilateral panel composed of nine representatives each from labor, management and the general public, is obliged to complete its review on the new minimum wage by mid-July for a formal announcement by the labor minister by Aug.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The gap has narrowed from an initial 1,680 won to 690 won, but both parties have yet to find the middle ground, they said.
reliability low1/2 sourcesLast year, the MWC increased the minimum hourly wage by 2.9 percent to 10,320 won ($6.89), the rate in effect this year.
reliability low1/2 sourcesAt the last meeting, labor and management proposed 11,220 won per hour and 10,530 won, respectively, officials said.
reliability low1/2 sourcesThe minimum wage increase for 2025 was 1.7 percent, following a 2.5 percent increase the previous year.
reliability low1/2 sourcesThe MWC plenary meeting was set to begin at 3 p.m. at the Sejong Government Complex in the central administrative city, with the labor and management circles having narrowed the difference of their proposed minimum wages to 690 won.
reliability low1/2 sourcesThe public interest representatives are expected to propose a "deliberation facilitation" range and urge the two sides to either reach an agreement within the range or put the matter to a vote.
reliability low1/2 sourcesThe MWC, a trilateral panel composed of nine representatives each from labor, management and the general public, is obliged to complete its review on the new minimum wage by mid-July for a formal announcement by the labor minister by Aug.
reliability low1/2 sources
Disputedincompatible versions — to verify
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Framing by sidesame fact, different words — loaded terms highlighted
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