Minimum wage gap narrows, but breakthrough still elusive

Labor and business representatives narrowed their differences over next year's minimum wage after submitting a second round of revised proposals, but negotiations remained deadlocked with the two sides still 1,540 won ($1) apart.

The labor side proposed raising the hourly minimum wage to 11,900 won, while the employer side offered 10,360 won during the Minimum Wage Commission’s meeting at the government complex in Sejong on Tuesday.

Although the latest proposals narrowed the gap from the initial ...