[Breaking News] Minimum Wage Revision Proposal: Labor 9.8% Increase, Management 1.0% Decrease

[Asia Economy Reporter Kim Bo-kyung] On the 9th, labor and management submitted revised proposals for next year's minimum wage at the Minimum Wage Commission meeting. The labor sector proposed 9,430 won, which is 9.8% higher than this year's minimum wage, while the management sector proposed 8,500 won, a 1.0% reduction.