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 [...]
SEOUL, May 9 (Korea Bizwire) — Nationwide public transportation chaos is looming, as unionized bus drivers across the country have been voting overwhelmingly to strike to demand pay hikes and manpower increases in time for the implementation of a mandatory 52-hour workweek in the bus industry this summer. Some 35,000 drivers from 10 cities and [...]
SEOUL, Apr. 30 (Korea Bizwire) — The overtime hours average has been on a steady decline at South Korean companies affected by the mandatory 52-hour workweek, a government report said Tuesday. According to the report by the Ministry of Employment and Labor, the average overtime hours per person at manufacturing companies with more than 300 [...]
SEOUL, Apr. 23 (Korea Bizwire) — Since the implementation of the 52-hour workweek, netizens’ searches for restaurants have decreased, while the use of home-training and interior-related applications has surged, the survey showed. According to Daehong Communications Inc., an advertising agency affiliated with Lotte Group, an analysis of changes in consumer lifestyle based on its social [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korean workers affected by the mandatory 52-hour workweek have suffered an income reduction of about 44,000 won (US$39) per month, a government report said Friday. According to the report by the state-run Korea Labor Institute, the number of overtime hours worked by employees of companies subject to the [...]