Month: September 2017

South Korea’s Minimum Hourly Wages Increase

The South Korean Ministry of Employment and Labor has raised the hourly minimum wage to 7,530 won ($6.64) for 2018, a spike from the current wage of 6,470 won per hour. This move is a significant step towards actualizing President Moon Jae-in’s goal…

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China’s Wages are Catching up to Europe

China’s median net salary is now equal to parts of Europe, and higher than some Eastern European countries, due to its new minimum wage standards. Factory workers in China are earning more than ever as average hourly wages have gone up a significant…

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