Minimum wage in South Korea

[2] In addition, there are opinions from various media that the minimum wage law is not properly applied in Korea.

Article 1 of the Minimum Wage Act(Objective) aims to ensure the minimum level of wages for workers so as to contribute to the sound development of the national economy by promoting the stabilization of their livelihood and the qualitative improvement of their workforce.

[10] However, in 1988, when the economy was booming, the minimum wage set by the government was less than 30 percent of that of actual workers.

In 2016, the Ministry of Employment and Labor presided over a total of 1,278 minimum wage violation cases.

Employers who violated the minimum wage law have been able to avoid charges or legal proceedings by taking corrective action.

Both conservative newspapers and liberal pundits across South Korea were quick to denounce the new minimum wage measures.

They said, "The minimum wage increase is a measure that does not take into account the imminent reality of small and medium sized companies suffering from sluggish sales.

[16] In addition, the Dong-A Ilbo reported on companies that decided to move their factories overseas because of a minimum wage increase.

[17] Ju Jin-hyung, who has served as general affairs policy committee chairman of the Democratic Party, pointed out through a Facebook post that the promise of the "minimum wage 10,000 won" promise and ambiguity, and lack of standard and impression standards.

Jeong Tae-in, an economist and chief of the Karl Polanyi Center for Socio-Economic Studies, wrote a column in the progressive journal Kyunghyang Shinmun.

The government only has to assure convenience stores, franchisees, and manufacturing subcontractors the right to organize 'Eul(을)'.

[19] Kim Chang-hwan, a professor of sociology at the University of Kansas, USA, also objected to Ju Jin-hyung's argument.

In his blog he wrote, "The effect of the minimum hourly rate on the labor market is not established academically.