South Korean labor groups have initially demanded a minimum wage of 12,000 won per hour for next year, a 16.3% increase from the current rate of 10,320 won. This opening proposal signals the start of negotiations for the 2025 minimum wage. Conversely, business associations are advocating for a wage freeze, citing economic concerns and potential burdens on employers. The Ministry of Employment and Labor will mediate discussions between the two sides to reach a consensus. These initial positions represent a significant divergence, setting the stage for potentially contentious negotiations. The final decision will impact millions of workers and businesses across the country. Further rounds of discussions are expected in the coming weeks to bridge the gap between labor and management.