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Minimum Wage System
Minimum Wage System
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The Minimum wage shall be determined by taking into account
- ①cost of living of employees, ②wages of similar employees, ③labor productivity, ④distribution of income, etc.
Article 4 of the Minimum wage act
Process of minimum wage deliberation and determination
- ① Request for deliberation of minimum sage(by March 31)
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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
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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
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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)
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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)
- - Minimum Wage Commission receives request for deliberation from the Minster of employment and Labor at March each year
- - Propose the deliberation request and refer it to each specialized committee
- - The secretary bureau produces deliberation materials
- - Technical committee examines the deliberation materials and present them to the plenary session
- - The plenary session will proceed on deliberation and resolution of the requests
- - Submit the finalized minimum wage settlement to the Ministry of Employment and labor
- - The Minister of Employment and Labor can receive objections to the Minimum wage within 10 days of notification and initiate a reconsideration process
- - The Minister of Employment and Labor annually announces the Minimum Wage decision by August 5th
Reference: ｢Minimum Wage Act｣ Article 4