Next year's minimum wage, set with a modest increase, is reinforcing the view that President Lee Jae Myung's administration is pursuing a pragmatic economic agenda that balances the interests of workers and employers, according to analysts, Wednesday. The hourly minimum wage for 2027 was set at 10,700 won ($7.10) on Tuesday, up 380 won, or 3.7 percent, from this year's 10,320 won. The latest adjustment follows this year's 2.9 percent raise, bringing the average annual growth rate during the Lee administration's first two years in office to 3.3 percent. The figure represents the second-lowest average annual rise among all governments since the minimum wage system was introduced, trailing only former President Yoon Suk Yeol's administration, which posted a record-low average of 3.1 percent. "The data suggest that, despite its progressive roots, the Lee administration is placing equal weight on the interests of workers and businesses rather than tilting decisively toward organized labor,” said Jung Ho-chul of the Citizens’ Coalition for Economic Justice (CCEJ), a civic activist group. Ju