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Business

S.Korea to raise minimum wage

SEOUL: South Korea said on Tuesday it planned to raise the national minimum hourly wage by the smallest amount on record for 2021, as the coronavirus pandemic hit businesses and labour markets.

Business

South Korea to spend US$95bil on green projects

SEOUL: South Korea has outlined a plan to spend 114.1 trillion won (US$94.6bil) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.