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Labor and management representatives are engaged in fierce conflict over the 2026 minimum wage determination, with the Minimum Wage Council set to make its decision on July 10th. While management advocates for a freeze, labor demands substantial increases, creating a tense standoff. Current Minimum Wage Council Deliberations The Minimum Wage Council has conducted three meetings to discuss next year's minimum wage. The current minimum wage stands at 10,030 won per hour, with next year's rate expected to be determined between 10,210 won and 10,440 won. The council consists of 27 members: 9 worker representatives, 9 employer representatives, and 9 public interest representatives. The council comprehensively considers workers' cost of living, wages of similar workers, labor productivity, and income distribution rates when determining the minimum wage. Management Position: Freeze and Differential Application Management strongly advocates for freezing the minimum wage, ci...

Largest Financial Industry Recruitment Event Returns The 2025 Korean Financial Sector Joint Recruitment Fair, the industry's largest hiring event, will take place August 20-21 at Seoul's Dongdaemun Design Plaza (DDP). This marks the ninth edition of the fair, which has been connecting financial companies with job seekers since 2017. According to the Financial Services Commission announcement on July 1st, 77 financial companies have expressed participation intentions for this year's event. Registration for job seekers will open on July 2nd through the fair's official website. The event represents a comprehensive opportunity for young professionals seeking careers in Korea's dynamic financial sector, spanning traditional banking to cutting-edge fintech innovations. Comprehensive Financial Sector Participation This year's fair features broad representation across the financial industry, including 14 bank...