Reform Party candidate pledges separate minimum wage system for foreign workers
Lee Jun-seok, the presidential candidate of the minor conservative Reform Party, has vowed to introduce a separate minimum wage system for foreign workers in Korea as he seeks to bring back more manufacturing jobs from overseas. According to the list of his top 10 policy priorities unveiled ahead of the June 3 election, Lee, 40, aims to bring back the production of goods by offering more affordable labor for Korean manufacturers currently operating in countries like China and Vietnam, where labor costs are lower. If those companies decide to relocate their main manufacturing facilities to one of the state-designated national industrial parks in Ulsan, Yeosu, Changwon, Gumi and other areas, they would be exempt from the obligation of paying the national minimum wage to workers for up to 10 years. “The goal of this policy is to motivate companies to return here by offering a separate wage system for foreign workers and easing other regulations so that companies can maintain the same level of labor expenses,” Lee said in his policy list, which became available Monday on the National El
