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Briefings Umbrella union groups demand 25% minimum wage hike next year South Korea’s two largest labor groups — the Korean Confederation of Trade Unions (KCTU) and the Federation of Korean Trade Unions (FKTU) — on Tuesday demanded a 25% minimum wage hike for next year. They demanded that the minimum hourly wage be raised to about $9.10 (12,000 won) next year. The ROK’s minimum wage is currently $7.30 (9,620 won). The unions pointed to inflation having lowered workers’ real wages. KCTU’s Gangwon Regional Headquarters members held a press conferencein front of Hallym University on Thursday. Park Jun-sik, a professor of sociology, teaches at that university. Park served as the chair © Korea Risk Group. All rights reserved. |





