SEOUL, Nov. 18 (Korea Bizwire) — South Korea plans to apply a grace period for smaller firms in adopting the 52-hour workweek system, the labor minister said Monday, reflecting concerns over financial costs and a legislative deadlock at the National Assembly. “In the case (the policies) are not legislated, the government will push for all [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Koreans are not fully able to use their leisure time despite having more time on their hands thanks to the 52-hour workweek, a poll showed Friday. Macromill Embrain surveyed 1,000 people between the ages of 19 and 59, 70 percent of whom said they had more time off, [...]
SEOUL, Sept. 11 (Korea Bizwire) — A government research indicated Wednesday a shorter workweek system introduced last year has reduced the daily work hours in Seoul’s central office district of Gwanghwamun by nearly 40 minutes. The labor ministry released the results of a big data analysis of workers’ hours in four major office districts in [...]
SEOUL, Jul. 31 (Korea Bizwire) — A 52-hour workweek policy is changing accommodation patterns at hotels. Ever since the new policy came into effect, hotels are receiving more bookings on Sundays, leading them to come up with various accommodation plans to attract more customers. Recently, the number of customers checking in on Sunday and leaving [...]
SEOUL, Jul. 25 (Korea Bizwire) – Overseas direct purchases are going through a major trend shift as more South Koreans are leaving work early and devoting more time to leisure activities ever since the introduction of the 52-hour workweek policy. South Korean online shopping mall Gmarket reported on Wednesday that overseas direct purchases have increased by 12 [...]
SEOUL, Jul. 1 (Korea Bizwire) — Until a year ago, Hong In-young, who works at an affiliate company of Samsung Group, never thought of learning something for a hobby as she was exhausted due to endless overtime work. But since a shorter workweek system, called the 52-hour workweek, was implemented in South Korea in July [...]
SEOUL, Jun. 30 (Korea Bizwire) — Additional industries, including bus, financial and broadcasting firms, will be required to implement the 52-hour workweek rule starting next month, the labor ministry said Sunday. In July 2018, the shorter workweek went into effect for companies with more than 300 employees, but 21 industries, including regular-route bus services, broadcasting, [...]
SEOUL, Jun. 20 (Korea Bizwire) — Companies in the bus and other industries, obliged by labor law to implement the 52-hour workweek rule next month, will be given a three-month grace period under a government decision to allow them more time to prepare for a steep reduction in working hours, the labor minister said Thursday. [...]
SEOUL, Jun. 19 (Korea Bizwire) — South Korea’s major commercial banks have begun cutting unnecessary work hours ahead of the full implementation of the government’s new 52-hour workweek policy in July. The banking sector introduced the 52-hour workweek system earlier this year, but since the actual legal enforcement date is from the first day of [...]
SEOUL, May 27 (Korea Bizwire) — An increasing number of South Koreans are taking an early vacation in June to avoid the traditional summer vacation week between the final week of July and the first week of August. Hana Tour, a South Korean tourism agency, said that demand for oversea travel has increased among South [...]