Conservative Party (UK) others. Until 1999, Conservatives opposed the creation of a national minimum wage, as they believed it would cost jobs, and businesses would be reluctant to start business in the UK from fear of high labour costs. However the party have since pledged support and in the July 2015 budget, Chancellor George Osborne announced a national living wage of £9/hour, to be introduced by 2020, for those aged 25 and over. The National Minimum Wage in 2012 was £6.19 for over-21 year olds, so the proposed rises in National Living Wage by 2020 will represent a significantly higher pay for many.
Minimum wage in South Korea are as follows, and include the main holiday allowance paid by working more than 15 hours a week(Article 55 of the Labor Standards Act). Employers should not lower their existing wage levels because of the minimum wage under the "Labor Standards Act". The "Minimum Wage Law" provides the following for penalties for minimum wage violations. Article 28 (penalty) ① A person who pays less than the minimum wage in violation of Article 6, paragraph 1 or 2, or who has lowered the previous wage for a minimum wage is sentenced to less than three years in prison or 20 million