Overview South Korea

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The announcement of an “income-led growth strategy” represents a dramatic change from previous governments and the administration increased the minimum wage by 16.4% in 2018 to KRW 7,530, and promised to further increase it to KRW 10,000 (US$8.50) by 2020.

South Korean civil society remains vibrant. Political and civil rights are generally respected, although there is still considerable room for improvement, as limitations on the freedoms of association and assembly continue to exist.

Corruption remains a major problem in Korea, although anti-corruption institutions have improved substantially.

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