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Minimum Wage Deliberations Deadline Looms; KCTU Demands 12,000 Won Increase | Dong-A Ilbo (KR)
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Minimum Wage Deliberations Deadline Looms; KCTU Demands 12,000 Won Increase | Dong-A Ilbo (KR)

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • The Korean Confederation of Trade Unions (KCTU) held a rally in Seoul demanding a significant increase in the minimum wage to 12,000 won for the next year.
  • Union members cited the disparity between corporate profits and workers' wages, arguing that rising living costs necessitate higher pay.
  • The rally occurred two days before the legal deadline for the Minimum Wage Commission to deliberate on the upcoming year's minimum wage.

Thousands of union members gathered in downtown Seoul, demanding a substantial hike in the minimum wage to 12,000 won for the upcoming year. The rally, organized by the Korean Confederation of Trade Unions (KCTU), took place just two days before the legal deadline for the Minimum Wage Commission's deliberations.

Carrying signs with slogans like "Minimum Wage is People's Livelihood" and "Minimum Wage of 12,000 Won, a Reliable Umbrella for Workers," participants chanted calls for increased wages and the realization of labor basic rights. The KCTU argued that while the stock market sees abundant capital, workers' pockets remain dry. They highlighted the contrast between those reaping massive profits and ordinary workers struggling to afford basic necessities.

While the stock market sees abundant capital, workers' pockets remain dry. Those reaping massive profits are going shopping for real estate, but workers have to hesitate even to pick up one item at the market or mart.

โ€” Yang Kyung-sooKCTU Chairman Yang Kyung-soo addressed the rally, highlighting the economic disparity between corporations and workers.

"We must fight together to raise the minimum wage, which is a strong support for all workers," said KCTU Chairman Yang Kyung-soo during the rally. He emphasized the need for higher wages to ensure a stable livelihood for all laborers. The union's demands underscore the ongoing tension between corporate profitability and the cost of living for South Korea's low-wage workers.

We must fight together to raise the minimum wage, which is a strong support for all workers.

โ€” Yang Kyung-sooKCTU Chairman Yang Kyung-soo urged collective action to increase the minimum wage.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.