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Minimum Wage In South Korea
The South Korean government enacted the ''Minimum Wage Act'' on December 31, 1986. The Minimum Wage System began on January 1, 1988. At this time the economy was booming, and the minimum wage set by the government was less than 30 percent of that of real workers. The Minister of Employment and Labor in Korea asks the Minimum Wage Commission to review the minimum wage by March 31 every year. The Minimum Wage Commission must submit the minimum wage bill within 90 days after the request has been received by the 27 committee members. If there is no objection, the new minimum wage will then take effect from January 1. The minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won (US$7.03) per hour. This is the largest increase since 2001 when it was increased by 16.8%. However, the government officially admitted that the policy of raising the minimum wage to 10,000 won by 2020, which had been the initial target but which the government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage In South Korea
The South Korean government enacted the ''Minimum Wage Act'' on December 31, 1986. The Minimum Wage System began on January 1, 1988. At this time the economy was booming, and the minimum wage set by the government was less than 30 percent of that of real workers. The Minister of Employment and Labor in Korea asks the Minimum Wage Commission to review the minimum wage by March 31 every year. The Minimum Wage Commission must submit the minimum wage bill within 90 days after the request has been received by the 27 committee members. If there is no objection, the new minimum wage will then take effect from January 1. The minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won (US$7.03) per hour. This is the largest increase since 2001 when it was increased by 16.8%. However, the government officially admitted that the policy of raising the minimum wage to 10,000 won by 2020, which had been the initial target but which the government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of South Korea
The Government of South Korea is the union government of the Republic of Korea, created by the Constitution of South Korea as the executive, legislative and judicial authority of the republic. The president acts as the head of state and is the highest figure of executive authority in the country, followed by the prime minister and government ministers in decreasing order. The Executive and Legislative branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous and contain executive and legislative bodies of their own. The judicial branch operates at both the national and local levels. The South Korean government's structure is determined by the Constitution of the Republic of Korea. This document has been revised several times since its first promulgation in 1948 (for details, see History of South Korea). However, it has retained many broad characteristics; with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constitution Of South Korea
The Constitution of the Republic of Korea () is the supreme law of South Korea. It was promulgated on July 17, 1948, and last revised on October 29, 1987. Background The Provisional Charter of Korea The preamble of the Constitution of South Korea states that the document was established in the spirit of "upholding the cause of the Provisional Republic of Korea Government", the Korean government exiled after the imposition of Japanese colonial rule of Korea. As such, the founding document of the provisional government—The Provisional Charter of Korea—serves as the basis for the current constitution. Promulgated in 1919, the charter first gave the country the "Republic of Korea" name and laid out the ideas forming the backbone of later South Korean constitutions. These ten articles are: # The Republic of Korea is a democratic republic country. # The Republic of Korea should be governed by the provisional people of the provisional government. # All citizens of the Republi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Employment And Labor
South Korea's Ministry of Employment and Labor (MOEL, 고용노동부) is a cabinet-level ministry overseeing labor affairs. Its predecessor agency, the Division of Labor, was established under the direction of the Minister of Social Affairs (사회부장관) on 11 November 1948. It was upgraded to a cabinet ministry on 8 April 1981. The headquarters are located in Building #11 of the Sejong Government Complex in Sejong City. Previously the headquarters were located in Buildings 1 and 3 of the Government Complex II in Gwacheon, Gyeonggi Province. Work Major tasks include the establishment of policies related to employment, establishment and management of policies related to industrial insurance, the establishment and management of policies related to industrial insurance, the establishment of policies related to occupational capacity development, employment equality with work and family compatibility, and the establishment of policies related to labor conditions. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korean Won
The Korean Republic won, unofficially the South Korean won ( Symbol: ₩; Code: KRW; Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates. The currency is issued by the Bank of Korea, based in the capital city of Seoul. Etymology The old "won" was a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, ''won''), meaning "round", which describes the shape of the silver dollar. The won was subdivided into 100 ''jeon'' (), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it. First South Korean won History The Korean won, Chinese yuan and Japanese yen were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eight-hour Day
The eight-hour day movement (also known as the 40-hour week movement or the short-time movement) was a social movement to regulate the length of a working day, preventing excesses and abuses. An eight-hour work day has its origins in the 16th century Spain, but the modern movement dates back to the Industrial Revolution in Britain, where industrial production in large factories transformed working life. At that time, the working day could range from 10 to 16 hours, the work week was typically six days a week and the use of child labour was common. The first country that introduced the 8-hour work day by law for factory and fortification workers was Spain in 1593. In contemporary era, it was established for all professions by the Soviet Union in 1917. History Sixteenth century In 1594, Philip II of Spain established an eight-hour work day by a royal edict known as '' Ordenanzas de Felipe II'', or Ordinances of Philip II. This established: An exception was applied to mine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Chosun Ilbo
''The Chosun Ilbo'' (, ) is a daily newspaper in South Korea and the oldest daily newspaper in the country. With a daily circulation of more than 1,800,000, the ''Chosun Ilbo'' has been audited annually since the Audit Bureau of Circulations was established in 1993. ''Chosun Ilbo'' and its subsidiary company, Digital Chosun, operates the ''Chosun.com'' news website, which also publishes web versions of the newspaper in English, Chinese, and Japanese. The paper is considered a newspaper of record for South Korea. History The ''Chosun Ilbo'' Establishment Union was created in September 1919 while the ''Chosun Ilbo'' company was founded on 5 March 1920 by Sin Sogu. The newspaper was critical of, and sometimes directly opposed to, the actions of the Japanese government during Japanese colonial rule (1910–1945). On 27 August 1920, the ''Chosun Ilbo'' was suspended after it published an editorial criticizing what it said was the use of excessive force by the Japanese police ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Dong-a Ilbo
The ''Dong-A Ilbo'' (, literally ''East Asia Daily'') is a newspaper of record in Korea since 1920 with a daily circulation of more than 1.2 million and opinion leaders as its main readers. ''The Dong-A Ilbo'' is the parent company of Dong-A Media Group (DAMG), which is composed of 11 affiliates including Sports Dong-A, Dong-A Science, DUNet, and dongA.com, as well as Channel A, general service cable broadcasting company launched on 1 December 2011. It covers a variety of areas including news, drama, entertainment, sports, education, and movies. ''The Dong-A Ilbo'' has partnered with international news companies such as ''The New York Times'' of the United States of America, ''The Asahi Shimbun'' of Japan and ''The People's Daily'' of China. It has correspondents stationed in five major cities worldwide including Washington D.C., New York, San Francisco, Beijing, Tokyo, Cairo and Paris. It also publishes global editions in 90 cities worldwide including New York, London, Paris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JoongAng Ilbo
''The JoongAng'', formally known as ''JoongAng Ilbo'', is a South Korean daily newspaper published in Seoul, South Korea. It is one of the three biggest newspapers in South Korea, and a newspaper of record for South Korea. The paper also publishes an English edition, ''Korea JoongAng Daily'', in alliance with the ''International New York Times''. It is often regarded as the holding company of JoongAng Group chaebol as it is owner of various affiliates, such as the broadcast station and drama producing company JTBC, and movie theatres chain Megabox. History It was first published on September 22, 1965, by Lee Byung-chul, the founder of Samsung Group which once owned the Tongyang Broadcasting Company (TBC). In 1980, ''JoongAng Ilbo'' gave up TBC and TBC merged with KBS. ''JoongAng Ilbo'' is the pioneer in South Korea for the use of horizontal copy layout, topical sections, and specialist reporters with investigative reporting teams. Since April 15, 1995, ''JoongAng Ilbo'' has b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Party Of Korea
The Democratic Party of Korea (DPK; ), formerly known as the New Politics Alliance for Democracy (NPAD), is a liberal political party in South Korea. Controlling the unicameral National Assembly as of 2022, the DPK is regarded as one of two major parties in South Korea, along with its rival, the People Power Party (PPP). The party was founded on 26 March 2014 as a merger of the Democratic Party and the preparatory committee of the New Political Vision Party (NPVP). History Formation and Ahn–Kim leadership (March–July 2014) The Democratic Party was formed as the New Politics Alliance for Democracy () on 26 March 2014 after an independent group led by Ahn Cheol-soo, then in the process of forming a party called the New Political Vision Party, merged with the Democratic Party led by Kim Han-gil. The former Democratic Party was absorbed into the NPAD while the preparatory committee of the NPVP was dissolved, with members who supported the merger joining the NPAD individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, its name comes from the face book directories often given to American university students. Membership was initially limited to Harvard students, gradually expanding to other North American universities and, since 2006, anyone over 13 years old. As of July 2022, Facebook claimed 2.93 billion monthly active users, and ranked third worldwide among the most visited websites as of July 2022. It was the most downloaded mobile app of the 2010s. Facebook can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a profile revealing information about themselves. They can post text, photos and multimedia which are shared with any ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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