Due to an abrupt change in legal adjudication, Korean companies might experience a significant rise in wage costs unless preemptive policy measures reduce the legal uncertainty in a coordinated manner. The situation in Korea is compared to that of Japan, with a similar statutory structure for employee wages and allowances.

Keywords:
Korea, Japan, wage law, judicial interpretation, economic impact of law
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© 2017 by The Regents of the University of California
2017
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