Korea raises minimum wage by 6.1%
The notice takes effect as of Jan. 1, according to the ministry.
The rise also means employers cannot cut the overall salaries of their employees by cutting down on their working hours, the ministry said.
This means if a worker, who works 45 hours a week at the current minimum wage, is put on a 40-hour a week job at the increased wage, thus resulting in a near 10,000 won reduction in weekly salary, the employer still needs to pay at least as much as the worker used to earn at the current minimum wage, the ministry said.
