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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,Buying등의 정보로 이루어진 목록
No Date Full Contents Review VOD
143 2019-06-18 Ep.143 - Extension of the legal retirement age V
142 2019-06-11 Ep.142 - Is video game addiction a disease? V
141 2019-06-04 Ep.141 - South Korea’s film industry V
140 2019-05-28 Ep.140 - Gentrification V
139 2019-05-21 Ep.139 - Debate over food aid to North Korea V
138 2019-05-14 Ep.138 - President Moon Jae-in's two years in power V
137 2019-05-07 Ep.137 - Filial piety and elderly care V
136 2019-04-30 Ep.136 - The BTS Syndrome and the evolution of K-pop V
135 2019-04-23 Ep.135 - S. Korea's lifting of abortion ban V
134 2019-04-16 Ep.134 - The South Korea-U.S. summit V
133 2019-04-09 Ep.133 - Population shock V
132 2019-04-02 Ep.132 - Who is responsible for the fine dust pollution? V
131 2019-03-26 Ep. 131 - Celebrities and immoral behavior V
130 2019-03-19 Ep. 130 - Will North Korea ever denuclearize? V
129 2019-03-12 Ep. 129 - North Korea sanctions and U.S. troops V
128 2019-03-05 Ep. 128 - The second North Korea-U.S. Hanoi summit V
127 2019-02-26 Ep. 127 - The second North Korea-U.S. summit V
126 2019-02-19 Ep. 126 - The Fourth Industrial Revolution and changes to the labor market V
125 2019-02-12 Ep. 125 - A crisis among the self-employed V
124 2019-02-05 Ep. 124 - The meaning and importance of family V
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