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Basically, they more or less comply with the Labor Standards Act.
New hires start at the minimum salary. To put it nicely, they say salaries are increased every year.
But adding 200 or 300 a year still counts as a raise. The compensation and year-end bonuses for experienced employees and new hires aren't much different.
It's okay if you're a fresh graduate looking to gain some work experience, but if you're planning to stay long term, forget it.