SEOUL -- South Korea will raise its nationwide minimum wage for 2024 by 2.5% to 9,860 won ($7.80) per hour, enough to surpass Tokyo's minimum wage under current exchange rates.
Economy
South Korea's minimum wage set to surpass Tokyo's
Agreed-on 2.5% hike is much smaller than 27% sought by labor
Ordering on a touch panel at restaurants and stores has become more commonplace in South Korea as the minimum wage has gone up. (Photo by Ahn Seong-bok)
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