Hong Nam-gi, nominee for Deputy Prime Minister and Strategy and Finance Minister, raised the need to reform the minimum wage decision structure, which has been maintained for more than 30 years since 1986. He proposed a 'Lee Won-hwa' method that defines the section first and sets the minimum wage within it. It also said that it is most desirable to extend the period of the elastic working system to six months. This means that income leaders, such as the drastic increase of minimum wage and the introduction of the 52 hour-week system, also expressed the need to 경마장 supplement major policies that represent growth.
"The minimum wage will be decided in consideration of market acceptability, capacity for payment, and impact on economic supply from next year," Hong said at a confirmation hearing held at the National Assembly's Strategy and Finance Committee on Tuesday.
It also explained detailed changes. "We have discussed setting up a sectional committee and a minimum wage decision committee within the minimum wage committee, which is meaningful," Hong said. "The committee is planning to set up a reasonable section of minimum wage increase considering various economic indicators, ability to pay, and acceptability, and the decision committee will decide the minimum wage within that section."
The reason why Hong has been calling for reform of the minimum wage decision structure is because he believes that the minimum wage increase is too fast.
"The minimum wage has risen significantly amid economic difficulties," Hong said. "Since the rate of increase for next year is already enforced by law, we will seek ways to determine the minimum wage rationally after next year."
Regarding the 52-hour workweek, Hong said, We should discuss extending the period of the elasticity work system from the current three months as soon as possible. This means that a soft landing method is needed to alleviate side effects caused by the introduction of the 52 hour work system. "I don't think the six-month easing will be very acceptable," he said. Meanwhile, Hong made it clear that he would maintain the basis of the income-led growth policy. "We do not want to see short-term effects of income-oriented growth," Hong said. "We believe that the policy effects will be reflected from the second half of next year."
Regarding the tax system, Hong expressed his view to gradually raise the property holding tax. "Strengthening the holding tax is the government's policy direction," he said. "We will change the taxation system by gradually increasing the standard of holding taxes." "I think we need to ease the inheritance tax in the future," he said.
During the hearing, some opposition lawmakers pointed out that Hong has no intention of changing the previous government's policy stance. There is no belief. Some even said they will be dragged to Cheong Wa Dae. In response, Hong stressed that he does not agree. "I think I haven't lived in a public life for 33 years, but I think it's painful to hear that I don't have enough belief," he said. "We will strengthen communication to make up for my lack of capability."
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