Home
Minimum Wage System
Minimum Wage System
function button bar
Criteria for Determination
- The cost of living of employees, the wage of similar employees, the labor productivity, the distribution of income, etc
Process of minimum wage deliberation and determination
- ① Request for deliberation of minimum sage(by March 31)
-
② Plenary session Presentation
- Refer it to the corresponding Committees -
③ Analysis of basic data for deliberation and Listening to opinions
- 1. Analysis of basic data for deliberation
- Wage status analysis
- Living costs analysis
- Effect of application on minimum wage analysis
- Minimum wage system of foreign countries analysis
- Essential labor economic indiactors analysis
- 2. Listening to opinions
- Implementation of field visits or other works
- 1. Analysis of basic data for deliberation
-
④ Technical Committee discussion
- 1. Technical Committee on wage level
- Review of wage status analysis result
- Review of effect of application on minimum wage analysis result
- Review the minimum wage proposal
- Technical Committee on Living Costs
- Review of living costs analysis result
- Review of the cost of living submitted by labor and management organizations
- 1. Technical Committee on wage level
-
⑤ Plenary Session
- deliberation and determination - ⑥ Submit the minimum wage proposal (within 90 days from the date of request for deliberation of the minimum wage)
-
⑦ Announce the minimum wage proposal
- ⑦-1 Request for re-deliberation (in case the objection is accepted, within 20days from the date of arrival to the proposed minimum wage proposal)
- Employees and Employers may file a objection(within 10 days from the announcement)
- Where it is difficult to determine the minimum wage in acco-dance with the minimum wage proposal
- ⑧ Announce the minimum wage (by August 5)
Reference: ｢Minimum Wage Act｣ Article 4