As the minimum wage for next year is determined to be 8,720 won based on the hourly wage on the 14th, it is estimated that there will be a maximum of 4.76 million workers who need to raise wages next year.

The Minimum Wage Commission announced on the day that the number of workers affected by the minimum wage for next year is estimated to be 930,000 to 4,940,000 through a press release immediately after the resolution of the minimum wage for next year.

Workers affected by the minimum wage for next year refer to workers whose wage level is less than 8,720 won on an hourly basis and must raise wages next year.

The minimum wage impact rate, which is the proportion of workers affected by the minimum wage next year, was estimated at 5.7 to 19.8%.

Based on the survey of working conditions by employment type and additional survey of the economically active population, the minimum wage was estimated by the size and proportion of workers affected by the minimum wage next year.

The amount of the minimum wage for next year converted into monthly salary is 182,480 won.

This is the result of applying 209 hours of working hours per month including weekly rest hours to 40 hours a week.

The monthly wage for the next year's minimum wage is 2,170 won higher than this year's (1,179,310 won).

(yunhap news)