SEOUL, Dec. 30 (Korea Bizwire) — The government will give a one-year grace period to small businesses with five to 49 employees for a mandatory 52-hour workweek system to relieve a worsening workforce shortage they are facing, the labor minister said Friday. The move comes after such small firms will no longer be able to [...]
SEOUL, Dec. 26 (Korea Bizwire) — The government is seeking to revise laws to increase financial transparency of labor unions to make it harder for improper spending to take place, the labor minister said Monday. The proposal comes after a series of remarks by President Yoon Suk Yeol who emphasized bolstering oversight of unions. He [...]
SEOUL, Dec. 8 (Korea Bizwire) — Management and labor unions of South Korea’s major shipbuilders have reached a tentative agreement on wage negotiations, and such agreements included several solutions on how to deal with the shortage of workers facing domestic shipyards. Hyundai Heavy Industries Co. decided to provide employees who reached retirement age this year [...]
SEOUL, Dec. 7 (Korea Bizwire) — A majority of software developers in South Korea work overtime but are overall satisfied with their jobs, a survey showed Tuesday. Local pollster Open Survey conducted a study of 286 developers nationwide, in which 81.1 percent said they had worked overtime in the previous three months. Roughly one third [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea invoked a return-to-work order on truckers of the cement industry, the finance minister said Tuesday, pointing out their on-going strike weighs down on the national economy. The decision came as thousands of truckers have been on a strike since Thursday, demanding the government extend temporary rules guaranteeing [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean women have become more exposed to the risk of unemployment and social isolation than men after the COVID-19 pandemic, a study showed Monday. These findings were reported in a short-term monitoring survey conducted by the national infectious disease crisis advisory committee under the prime minister to measure [...]
SEOUL, Nov. 24 (Korea Bizwire) — The government has begun to take action to correct Kia Corp.’s “hereditary employment” clause included in the collective agreement. The Ministry of Employment and Labor sent out an official notification that the South Korean automaker’s collective agreement includes an unlawful provision, and that corrective procedures will soon take place. [...]
SEOUL, Nov. 10 (Korea Bizwire) — Many survivors of past mining accidents were unable to return to their former jobs as miners. Yang Chang-seon, a former miner who rescued from a collapsed mine in Cheongyang County, South Chungcheong Province in 1967, chose to leave the mines after the accident. He was rescued after 368 hours, [...]
SEOUL, Oct. 27 (Korea Bizwire) — Three in 10 workers in the manufacturing sector are over 50 years of age, with a rapidly increasing proportion of senior workers, a report said Wednesday. The Federation of Korean Industries (FKI) reported that the proportion of senior workers over 50 years of age jumped from 11 percent in [...]
SEOUL, Oct. 25 (Korea Bizwire) — The number of young South Koreans who have spent more than three years finding their first job reached 360,000, data showed Monday. Among South Koreans between 15 and 29 years of age with employment experience after graduation, some 358,000 people had taken more than three years to get their [...]