Minimum wage gap narrowed to 730won... labor 1million1,250won vs. management 1million520won
7Month 9day minimum wage deliberations: under the round of revised proposals, labor proposed an hourly rate of 8million1won, while management proposed 1,250million1won, narrowing the gap to 520won. In the subsequent 730round proposal on the same day, labor proposed 9million1won, while management proposed 1,220million1won; a final decision has not yet been made.530},
9In the minimum wage deliberations, under the round of revised proposals, labor proposed an hourly rate of 8million1won, while management proposed 1,250million1won, narrowing the gap to 520won. This result will be a direct variable in forecasts of labor costs by industry and employment indicators.730},
In the additional proposal that followed on the same day, labor proposed an hourly rate of 1million1,220won, while management proposed 1million530won, respectively. That proposal was also placed on the negotiating table.
Earlier, in the round of revised proposals, labor proposed 7million1won, while management proposed 1,350million1won, putting the gap at 490won. The proposed amounts were adjusted during the negotiations.860}},
All of these exchanges of revised proposals took place in 2026year 7month 9day. The process involved both labor and management taking turns proposing hourly wage levels.
The review is still ongoing, and no final decision has been reached yet. Additional proposals and the voting schedule will continue to be updated.
The amounts proposed and the negotiation process are being watched by the market along with employment and retail consumption statistics. It will be necessary to check the relevant indicators when the official final proposal is announced.