Surprise Me!

IMF voices concern over pace of S. Korea’s minimum wage hikes

2019-03-12 4 Dailymotion

IMF "최저임금 인상 속도 우려"…홍남기 "유연안정성 역점"<br /><br />A delegation from the IMF is concerned that Korea might be raising its minimum wage too quickly.<br />In a meeting Monday with Finance Minister Hong Nam-ki,... IMF Korea chief Tarhan Feyzioglu said... Korea needs to strengthen its labor market flexibility.<br />He also said it's important to raise the potential economic growth rate using expansionary fiscal and monetary policies... to address a domestic and external economic crisis.<br />South Korea's minimum wage was raised by double-digit percentages digits this year and last,... bringing it up to about seven U.S. dollars and 40 cents an hour.

Buy Now on CodeCanyon