Republic of Korea should consider the impact of the minimum wage before hiking it again

Summary: The Republic of Korea should hold off on increasing the minimum wage for a year or so while it considers the effect of past hikes. That’s the recommendation of the Organisation for Economic Co-operation and Development. Randall Jones, head of the OECD’s Japan and Korea desk, explained why at an event hosted by the Asian Development Bank Institute. Read the transcript https://bit.ly/2CJgklq About the speaker Randall Jones is head of the Orgnisation for Economic Co-operation’s Japan and Korea desk Know more about ADBI’s work https://bit.ly/2x0Xuku https://bit.ly/2NvNMA8