Incheon Sets Next Year's Living Wage at 12,630 Won, Up 5.1% from This Year

On September 10, the Incheon city government announced that next year's living wage has been set at 12,630 won per hour.

This represents an increase of 620 won (5.1%) compared to this year's living wage of 12,010 won, and is 18% (1,930 won) higher than the national minimum wage for next year, which was set by the government at 10,700 won.

Incheon City Hall

The living wage will apply to workers of Incheon city, city-affiliated corporations and public organizations, city-funded and city-invested institutions, as well as laborers at institutions entrusted with city duties who are directly performing city work.

Since the adoption of the living wage ordinance in 2015, Incheon first implemented it in 2017, then expanded its application to subsidiaries and city-funded organizations in 2019, and further broadened the scope to include city-entrusted organizations in 2022.

A representative from Incheon city stated, "We made this decision through close communication and by respecting the diverse opinions of labor and management groups," adding, "We hope this will improve the quality of life and act as a catalyst for revitalizing the local economy."

This content was produced with the assistance of AI translation services.