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 [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korean retail giants are increasingly introducing automated systems to save their employees time on simple tasks as part of efforts to adapt to a shortened workweek, industry sources said Wednesday. In July last year, South Korea adopted a 52-hour workweek for both private and public firms with 300 [...]
SEOUL, Mar. 10 (Korea Bizwire) — South Korean workers’ spending on education and hobbies increased last year, due largely to the implementation of the government’s 52-hour workweek policy, government data showed Sunday Total household spending on private education came to 42.24 trillion won (US$37.15 billion) last year, up 3.22 percent from a year earlier, according [...]
SEOUL, Jan. 30 (Korea Bizwire) — Overtime hours at domestic workplaces decreased last year, due largely to the implementation of the government’s 52-hour workweek policy, officials said Wednesday. The Ministry of Employment and Labor said the number of overtime hours per person at workplaces with more than 300 employees was 11.4 hours in November last [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s leading lenders have wrapped up their labor deals for the new year that aim to help employees better strike a balance between work and their personal lives, industry watchers said Monday. Late last week, the labor and the management of KB Kookmin Bank reached a deal on [...]
SEOUL, Jan. 21 (Korea Bizwire) — It has been reported that since the introduction of the government imposed 52-hour workweek, the number of individuals attending department store cultural centers has increased. Lotte Department Store, the country’s leading retailer, reported on Monday that the number of students attending its cultural centers had increased by 3.5 percent [...]
SEOUL, Dec. 28 (Korea Bizwire) — E-coupons for dining are selling like hot cakes as the end of the year approaches. The increased sales seem to be reflecting the lifestyle changes of many South Korean workers. With employees now limited to 52 hours of work per week, the number of work-related drinking get togethers has [...]
SEOUL, Dec. 19 (Korea Bizwire) — An increasing number of male customers have been shopping online ever since the 52-hour workweek was implemented earlier this year. GS Fresh, a South Korean online shopping mall operated by GS Retail Co., said that male customers who signed up for new accounts in the second half of this [...]
SEOUL, Dec. 11 (Korea Bizwire) — Among all large-sized construction projects in South Korea, 44 percent are having trouble meeting deadlines ever since a 52-hour workweek was implemented. The Construction and Economy Research Institute of Korea (CERIK) conducted a study on 109 construction projects, 44 percent of which were facing difficulties meeting deadlines after the [...]
SEOUL, Feb. 27 (Korea Bizwire) — A South Korean parliamentary committee on Tuesday passed a bill aimed at shortening legal working hours despite businesses’ concerns over its possible impact on corporate productivity. The revision bill calls for reducing the country’s maximum statutory working hours to 52 hours a week from the current 68 hours. The [...]