Small Business Owners to Rally Against Minimum-Wage Hike
18 July, 2018
Small business owners have threatened to stage a massive rally in front of Cheong Wa Dae and the National Assembly against the minimum-wage hike.
Members of the Korea Federation of Micro Enterprise met in Seoul on Tuesday and decided to hold rallies nationwide next week.
The federation boycotted the hike as soon as a government committee set next year's hike at a whopping 10.9 percent to W8,350 an hour last week. Kim Dae-joon at the federation said, "We are considering a concerted protest and we're contacting market traders."
Market traders attacked the decision in a meeting with Minister of SME and Start-ups Hong Jong-haak the same day.
Kwon Soon-jong of a nationwide group representing estate agents said, "Among small traders, 51.2 percent can't afford to pay W8,350 an hour, so the government is effectively forcing them to break the law."
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