State Companies to Slash Pay of Entry-Level Workers

The government says it will slash wages of college graduate, entry-level workers at state firms by as much as 30 percent to keep the doors open for jobseekers.
On average employees who get paid around W30 million (US$1=W1,480) a year should expect their salary to drop by 16 percent to W25 million.

Out of some 300 public companies that fall under the pay cut, more than 100 will see them take effect at the earliest possible opportunity. The government plans to later expand the policy to include firms that were left out.

Arirang News