July 12, 2024

Minimum wage for 2025 surpasses 10,000 won for 1st time

The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level.

The rate reached during the 11th plenary meeting of the Minimum Wage Commis…

Yoon returns home from U.S. trip focused on security

President Yoon Suk Yeol returned home Friday from his five-day trip to the United States that was focused on bolstering security against rising threats posed by deepening military ties between North Korea and Russia.

Yoon attended the North Atlantic…

(EDITORIAL from Korea JoongAng Daily on July 12)

How to end the deep-rooted medical practice

The government has announced a plan to improve the current medical service delivery structure toward the direction of encouraging large hospitals to concentrate on patients with serious illnesses or emerge…

(LEAD) Seoul shares snap 3-day rise on profit-taking

Seoul shares closed lower Friday, snapping a rise for three consecutive sessions, as investors cashed in profits after the U.S. market finished bearish despite slowing inflation data. The local currency fell against the U.S. dollar.

The benchmark Ko…

(EDITORIAL from Korea Times on July 12)

Find amicable solution

Labor dispute amid intensifying chip war stokes concerns

A group of Samsung Electronics union members initiated an indefinite strike on Wednesday, creating concerns about the possible repercussions on the tech giant as a glob…