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World Ch. Schedule : TUE 22:30 KST

* Date : 2018-08-07

Foreign Correspondents Ep. 98 The minimum wage controversy
South Korea's minimum wage controversy

South Korea's controversy over its new minimum wage has emerged as a hot-button issue. On July 14, the Minimum Wage Commission set the country's wage floor at 8,350 won for the year 2019, a 10.9% increase from this year's 7,530 won. However, both laborers and business-owners have voiced complaints over the new minimum wage. Workers claim that real wage growth is still languishing at the 1% level when excluding bonuses, while businesses have countered by saying that minimum wage has already surpassed 10,000 won in effect when taking into account various benefits. A minimum wage hike has been regarded as a double-edged sword, with improvements in productivity and workers' livelihoods being offset by inflationary pressure and job losses. Small business owners in particular have put up fierce opposition to the minimum wage hike, given that labor costs take up the bulk of their expenses and could pose a serious threat to their bottom line. In this week's edition of "Foreign Correspondents", we sit down with our panel of foreign journalists to talk more about South Korea's minimum wage as well as those of countries abroad.


Panelists
Thomas Maresca, Journalist / USA Today
Frank Smith, Journalist / Press TV
Fabian Kretschmer, Journalist / Deutsche Welle


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No Date Full Contents Review VOD
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120 2019-01-08 Ep. 120 - Planned city projects V
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116 2018-12-11 Ep. 116 - The problem of fine dust pollution V
115 2018-12-04 Ep. 115 - DUI laws and public perceptions V
114 2018-11-27 Ep. 114 - Should South Korea hire more public servants? V
113 2018-11-20 Ep. 113 - College admissions requirements V
112 2018-11-13 Ep. 112 - The U.S. midterm election results V
111 2018-11-06 Ep. 111 - U.S. midterm elections V
110 2018-10-30 Ep.110 - The sharing economy and innovation V
109 2018-10-23 Ep.109 - North Korea's changing diplomatic stance V
108 2018-10-16 Ep.108 - The U.S.-China trade war V
107 2018-10-09 Ep.107 - Social media and journalism V
106 2018-10-02 Ep.106 - South Korea's real estate market V
105 2018-09-25 Ep.105 - 2018 Inter-Korean Summit Pyeongyang V
104 2018-09-18 Ep.104 - The third inter-Korean summit V
103 2018-09-11 Ep.103 - Conscription in South Korea V
102 2018-09-04 Foreign Correspondents Ep.102 - President Moon's economic policies V
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