Posted inChina, Northeast Asia, South Korea

Wage hikes give Korean small businesses a headache

While South Korea’s economy braces for collateral damage from the intensifying China-US trade war, job growth remains slow and the government is facing criticism from employers for raising the minimum wage for two consecutive years. Last week, faced with a multi-directional storm of risk, the Bank of Korea pressed the “prudent” button, freezing the benchmark […]

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