Picture of the Day: Unions Protest for Higher Minimum Wage In South Korea
Unionists and civic group members rally in downtown Seoul on April 6, 2016, demanding that the minimum wage be raised to 10,000 won (US$8.66) to guarantee basic livelihood. The rally took place a day ahead of the first meeting this year of a panel that reviews minimum wage. The minimum pay was set at 6,030 won for 2016, and the usual increase rate is 7 to 8 percent. (Yonhap)
The ROK has come a long way since the mid 1980s. At that time, the annual per capita income was about $2000.