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[VIDEO NEWS] President Moon apologizes for not keeping his campaign pledge

July 17,2018
1) “As a result of the decision by the Minimum Wage Commission, it became difficult to achieve the target of raising the minimum wage to 10,000 won [$8.86] by 2020.” - President Moon Jae-in.

2) “I offer my apologies for being unable to keep my pledge.”

3) “The Minimum Wage Commission has come to this decision after considering factors such as our economic conditions at home and abroad, the employment rate and the difficult circumstances of small business owners and retailers.”

4) “This decision on the minimum wage increase was made carefully by considering the situations of related parties and taking in various opinions.”

5) “I respect the Minimum Wage Commission’s decision.”

6) “Meanwhile, the Minimum Wage Commission has made it possible for the government to continue increasing the minimum wage by maintaining the increase rate in the two-digit range after the sharp increase last year.”

6) “The government will do its best to increase the minimum wage to 10,000 won as soon as possible.”

7) “The most important thing is to maintain the increase in the minimum wage and we will do this by making it possible for our economy to endure the increase for this and next year.”

8) “I ask that all related economic parties in labor, management and government to strive toward this goal.”

Video sourced from JoongAng Ilbo
Video provided by JTBC
Video made by Hwang Su-bin
Translated by Chung Yu-soo
Edited by Hoyeon Yoo