Finance minister: South Korea needs to hike minimum wage 'in phases'
Finance Minister Choi Kyung-hwan
Sejong - Yonhap
South Korea needs to raise the country's minimum wage for workers "in phases" to not create heavy costs for businesses in a short period of time, the country's top economic policymaker said Friday.
"I agree that the minimum wage should be raised in phases to an appropriate level," Finance Minister Choi Kyung-hwan told lawmakers during a parliamentary audit session here.
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