[HIGHLIGHTS] Rengo and small and medium-sized business owners' organizations confirm collaboration by passing on increases in personnel costs to prices

Rengo and small and medium-sized business owners' organizations confirm collaboration by passing on increases in personnel costs to prices. In response to this year's spring labor wage, a number of companies, especially major companies, responded by offering full pay.

According to Rengo's data compiled last week, the average wage increase rate has reached a high level of over 5% for the first time in 33 years since 1991. The Federation and the National Federation of Small and Medium-sized Enterprise Associations exchanged opinions.