What Will Change in 2023 in Korea?

Happy New Year UoH friends! ????
The New Year’s bell has rung in Korea. May the new year bring you happiness!

2023 is the year of black rabbit.

Each year, the animal that represents the year is determined by the order of the zodiac. Rabbits are known to be smart, wise, and tactful. Black represents wisdom.

What will change in Korea in the year of black rabbit?

1. The minimum hourly wage in 2023 is 9,620 KRW (about $7.4), up 5% from 2022.

It’s the first time that the monthly wage has exceeded 2,000,000 won! (based on 52 hours a week.)

2. From June 28, 2023, the age system will be unified to the international standard.

All judicial and administrative areas will be required to use the international age. 

(Exception for some laws, such as the Juvenile Protection Act, Elementary and Secondary Education Act, and the Military Service Act.)

3. 700,000 KRW for a newborn baby and 350,000 KRW for 1-year-old baby.

Starting from January 1, 2023, 700,000 KRW per month will be paid in cash to families with a newborn baby (0-year-old) and 350,000 KRW per month for families with a 1-year-old baby as a parental allowance.

4. Undergraduate admission fee will be completely banned.

From 2023, the undergraduate admission fee will be completely abolished for all universities.