The two Koreas have agreed to raise the minimum wage by five percent for North Korean workers at the Gaeseong Industrial Complex (GIC), the government said Tuesday. The Ministry of Unification ...

North and South Korea agreed to increase the minimum wage for North Korean workers at a joint factory park by 5 percent, a South Korean industry representative said, ending a months-long dispute ...

North Korea proposed a 5-percent increase in wages of workers in the Gaeseong Industrial Complex on Friday, signaling a shift from its demand that the South must pay $300 in wage hikes at inter ...

If South Korea follows through as intended, its minimum wage will be roughly 70% of its median wage by 2020, well above the level in all other big economies (see chart). On the face of things, the ...

Korea raised the minimum hourly wage for 2024 by 2.5 percent to 9,860 won ($7.8) amid weak economic growth. The Minimum Wage Commission made the decision following an overnight marathon debate and a ...