Republic of Korea prepares to raise minimum wage

Global Business

Robert Kelly discusses challenges to ROK's economy

The ROK is getting ready to raise its minimum wage by more than 16 percent next year.

It could be the biggest hike since 2001, but not everyone is happy.

Some businesses are warning of the massive financial backlash.

CGTN’s Jack Barton reports from Seoul.

Robert Kelly discusses challenges to ROK’s economy

For more on the Republic of Korea’s economy CGTN’s Rachelle Akuffo spoke to Robert Kelly, and an associate professor of international relations at Pusan National University.