IMF voices concern over pace of S. Korea’s minimum wage hikes
Arirang News
2019-03-12
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IMF "최저임금 인상 속도 우려"…홍남기 "유연안정성 역점"
A delegation from the IMF is concerned that Korea might be raising its minimum wage too quickly.
In a meeting Monday with Finance Minister Hong Nam-ki,... IMF Korea chief Tarhan Feyzioglu said... Korea needs to strengthen its labor market flexibility.
He also said it's important to raise the potential economic growth rate using expansionary fiscal and monetary policies... to address a domestic and external economic crisis.
South Korea's minimum wage was raised by double-digit percentages digits this year and last,... bringing it up to about seven U.S. dollars and 40 cents an hour.
A delegation from the IMF is concerned that Korea might be raising its minimum wage too quickly.
In a meeting Monday with Finance Minister Hong Nam-ki,... IMF Korea chief Tarhan Feyzioglu said... Korea needs to strengthen its labor market flexibility.
He also said it's important to raise the potential economic growth rate using expansionary fiscal and monetary policies... to address a domestic and external economic crisis.
South Korea's minimum wage was raised by double-digit percentages digits this year and last,... bringing it up to about seven U.S. dollars and 40 cents an hour.
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