Korea’s minimum wage as per the Korean Minimum Wage Act in 2019 is determined by the Minister of Employment & Labor as KRW 8,350 per hour. The latest decisions of the Supreme Court developed a calculation standard/method for determining an hourly wage rate that is not in line with the opinion of the Ministry of Employment & Labor. In many such cases, a Ministry, simply, pushes to amend the law. This matter is important, since the standard hourly wage rate
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The Korean Law Blog by IPG Legal Law Firm
Updates by English-Speaking Korean Lawyers in Korea on Korean Law, Korean Legal System & Korean Law Firms. Dispute Resolution Law Firm of the Year. International Law Firm with offices in North America and throughout Asia.
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