"Having made a retirement age of 60 mandatory through the revision of the law this time has obviously arranged a turning point in relation to utilization of middle/high-aged human resources. But, extension of retirement age which does not accompany wage adjustment may increase corporate labor...

"The objective of a minimum wage increase is to improve the quality of low-wage jobs and to narrow wage gaps. The sharp minimum wage increase in 2018 has so far produced no significant declines in employment. However, if drastic increases continue in the next two years, the level of the minimum...