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The minimum wage for 2019 has been set at 8,350 won per hour. This is an increase of 10.9% from this year's hourly minimum wage of 7,530 won.

 

If converted into a monthly wage (209 hours per month: 40-hour workweek, including paid weekly holidays), this means 1,745,150 won per month, an increase by 171,380 won from this year.

 

The estimated number of workers who will be subject to the 2019 minimum wage ranges from 2.9 million workers(18.3% of the whole labor force in Korea) to 5.01 million workers(25.0% of the labor force) by surveys.

 

Minimum wage is determined in minimum wage council which is composed of 9 councilors each representing workers, employers and public interest(27 councilors in total) deliberates. This year, all representatives from employers' side have boycotted the meetings, insisting on minimum wages classified by industry and some representatives from workers' side also did not attend, expressing discontent over the regressively revised minimum wage law. Under this difficult circumstances, FKTU has joined the negotiation and made a great effort to fulfill its social responsibility.

 

After the decision, FKTU said through a statement that the result is really disappointing but it will put spurs to raise the minimum wage to 10,000 won by 2020 as the president pledged.

negotiation.jpg

 

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Title
  1. The 2019 Minimum Wage is set at 8,350 won per hour

    The minimum wage for 2019 has been set at 8,350 won per hour. This is an increase of 10.9% from this year's hourly minimum wage of 7,530 won. If converted into a monthly wage (209 hours per month: 40-hour workweek, including paid weekly ...
    Date2018.08.24 Views141
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  2. Inter-Korean Workers’ Unification Football Match Successfully Held in Seoul after a 3-year Pause

    Inter-Korean Workers’ Unification Football Match (“Match”) was held in Seoul from August 10 to 12, 2018. The footballers from FKTU, KCTU of South Korea and NKGFT(North Korean General Federation of Trade Unions) participate...
    Date2018.08.23 Views129
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  3. FKTU holds a Marathon in celebration of the 128th May day

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    Date2018.05.03 Views629
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  4. 72nd Anniversary and Fundraiser

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  5. 2018 New Year's Message

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    Date2017.07.17 Views930
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  10. “Gender awareness raising with men is essential for gender equality"

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  11. Mr. Juyoung KIM Elected As FKTU New President

    Mr. Juyoung KIM Elected As FKTU New President The Federation of Korean Trade Unions (FKTU) held its 26th electoral convention on 24 January 2017 and elected Mr. Juyoung Kim as new President. His running mate Mr. Sungkyung LEE was also elect...
    Date2017.01.25 Views1266
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  12. FKTU Organizes National Workers' Rally

    Step Down, President Park Geun-hye! Stop Oppression of Labor! FKTU Organizes National Workers' Rally The Federation of Korean Trade Unions (FKTU) organized a National Workers' Rally in front of the City Hall, downtown Seoul on 19 No...
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  13. FKTU Resumes Sit-in in Protest Against Regressive Labor Market Reform

    The Federation of Korean Trade Unions (FKTU) resumed a sit-in in front of the National Assembly to block the Government's unilateral move on the performance-based wage system and the two unilateral guidelines. The government has impleme...
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  17. Agreement on Labour Market Reforms Broken Down

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  19. ITUC-AP Statement on Korea

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