{"id":2201733,"date":"2023-07-19T08:00:09","date_gmt":"2023-07-18T23:00:09","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201733"},"modified":"2023-07-18T18:10:22","modified_gmt":"2023-07-18T09:10:22","slug":"south-koreas-labor-management-sectors-clash-over-2024-minimum-wage","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/","title":{"rendered":"South Korea\u2019s labor, management sectors clash over 2024 minimum wage"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The labor and management sectors maintain <\/span><a href=\"https:\/\/www.minimumwage.go.kr\/customer\/news\/view.do?bultnId=4438&amp;pageUnit=10&amp;pageIndex=1&amp;bultnCd=MA&amp;searchCondition=&amp;searchKeyword=\"><span style=\"font-weight: 400;\">significantly divergent positions<\/span><\/a><span style=\"font-weight: 400;\"> in their negotiations during Minimum Wage Commission (<\/span><a href=\"https:\/\/www.minimumwage.go.kr\/main.do\"><span style=\"font-weight: 400;\">MWC<\/span><\/a><span style=\"font-weight: 400;\">) discussions for next year\u2019s minimum wage in South Korea. The MWC is a consultative body consisting of members from the labor union, government and employers, designed to determine minimum wage and other labor issues.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The labor sector, citing rising costs of living due to inflation, has adjusted its initial minimum wage proposal from $9.69 (12,210 won) to $8.43 (10,620 won). Conversely, management has increased its proposal from maintaining the $7.63 (9,620 won) minimum wage to raising it to $7.76 (9,785 won), referencing the difficult economic conditions faced by small and medium-sized enterprises (SMEs) and individual proprietors due to the global downturn and the aftermath of COVID-19.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This year\u2019s deliberation process has proven contentious. In the absence of a consensus, the Minimum Wage Commission Chairman Park Joon-sik <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20230718125400530?section=news\"><span style=\"font-weight: 400;\">indicated<\/span><\/a><span style=\"font-weight: 400;\"> that a vote might be necessary to finalize a decision. However, the labor representatives might not acknowledge the outcome of a vote leaning toward employers due to perceived disparities in the commission\u2019s representation. The commission currently comprises eight representatives from labor, nine from employers and nine from the public interest sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The labor sector has been down one representative since June after the arrest of <\/span><a href=\"https:\/\/koreapro.org\/2023\/06\/union-accuses-police-of-endangering-workers-life-during-protest\/\"><span style=\"font-weight: 400;\">Kim Jun-young<\/span><\/a><span style=\"font-weight: 400;\">, the secretary general of the Korean Confederation of Trade Unions\u2019 (KCTU) Metal Workers\u2019 Union. Kim\u2019s arrest came about due to his involvement in a tower protest, following which he was removed from his position on the Minimum Wage Commission.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The labor and management sectors maintain significantly divergent positions in their negotiations during Minimum Wage Commission (MWC) discussions for next year\u2019s minimum wage in South Korea. The MWC is a consultative body consisting of members from the labor union, government and employers, designed to determine minimum wage and other labor issues.\u00a0 The labor sector, citing [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27],"class_list":["post-2201733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea\u2019s labor, management sectors clash over 2024 minimum wage - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea\u2019s labor, management sectors clash over 2024 minimum wage - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"The labor and management sectors maintain significantly divergent positions in their negotiations during Minimum Wage Commission (MWC) discussions for next year\u2019s minimum wage in South Korea. The MWC is a consultative body consisting of members from the labor union, government and employers, designed to determine minimum wage and other labor issues.\u00a0 The labor sector, citing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-18T23:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-18T09:10:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2023\/07\/mw.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea\u2019s labor, management sectors clash over 2024 minimum wage\",\"datePublished\":\"2023-07-18T23:00:09+00:00\",\"dateModified\":\"2023-07-18T09:10:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\"},\"wordCount\":259,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/mw.png\",\"keywords\":[\"Business &amp; Economy\",\"Domestic Politics\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\",\"url\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\",\"name\":\"South Korea\u2019s labor, management sectors clash over 2024 minimum wage - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/mw.png\",\"datePublished\":\"2023-07-18T23:00:09+00:00\",\"dateModified\":\"2023-07-18T09:10:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/mw.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/mw.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/south-koreas-labor-management-sectors-clash-over-2024-minimum-wage\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea\u2019s labor, management sectors clash over 2024 minimum wage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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