SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s average wage is growing more rapidly than major advanced countries, but the former’s labor productivity is lagging behind due to a decrease in working hours., an expert said. Park Seo-woo, an analyst at the Korea Industry Alliance Forum, said in an online seminar held on Tuesday that [...]
SEOUL, Feb. 19 (Korea Bizwire) — Longer hours of work don’t necessarily increase labor productivity, research showed Thursday. In fact, working 52 hours per week resulted in less productivity than working 40 hours. A joint research team from the Catholic University of Korea Seoul St. Mary’s Hospital and Seoul National University’s school of medicine conducted [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s labor productivity growth has sharply slowed over the past decade due partly to a lack of investment and innovation, a study suggested Monday. According to You Hye-mi, a professor from Seoul’s Hanyang University, the country’s labor productivity rose at an annual average of 2.67 percent between the [...]