Panel to hold final negotiations on next year's minimum wage

Next year's minimum wage is likely to be determined as early as Tuesday, as the Minimum Wage Commission was set to hold final negotiations at its 14th plenary meeting later in the day. 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. 5 every year. Last year, the MWC increased the minimum hourly wage by 2.9 pe

By The Korea Herald