The minimum wage rate for the next year's minimum wage rate, which was decided by the minimum wage committee, was set at 852 won today (May 5).

The Ministry of Employment and Labor posted a notice in the official gazette that today's minimum wage was set at 8,590 won.

The notice stipulated a monthly conversion of 1,795,010 won, which applied 209 hours a month.

And that it applies equally to all workplaces, regardless of industry.

The Ministry of Labor announces the minimum wage for next year, so the minimum wage of 85,590 won will be effective from January 1 of next year.

The Ministry of Labor announced that the minimum wage for the next year was approved by the Minimum Wage Committee as a result of not accepting objections from the labor union.