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Economy

South Korea hit by strikes after minimum wage hike slowdown

Business owners have said they cannot cope with the higher labor costs

SEOUL -- President Moon Jae-in came into office in 2017 pledging to help the working classes, but now the labor unions that once backed the South Korean leader are speaking out against his policies.

The Korean Confederation of Trade Unions, a major umbrella group with more than 650,000 members, will on Thursday hold its first one-day general strike since Moon was elected. The organization is planning a large rally outside the National Assembly, as well as protests across the nation.

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