SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]
SEOUL, Nov. 16 (Korea Bizwire) – Some 50,000 foreign laborers make their way to Korea each year in search of the “Korean Dream”, but a recent study revealed that these laborers, who are often exposed to substandard working and living conditions, have grown more vulnerable to tuberculosis than the general population. According to the Korean [...]
SEOUL, July 13 (Korea Bizwire) – July 16 is the legal deadline to set next year’s minimum hourly wage, and while members of a part-time workers organization protested for an increase to 10,000 won at Gwanghwamun Plaza Tuesday, another rally was organized by other groups that are pushing the government to freeze wages for 2017. [...]
SEOUL, July 5 (Korea Bizwire) – North Korea claimed Tuesday that the country’s industrial production exceeded its target last month as it started the 200-day campaign to push its people into working harder. North Korea’s industrial production, including coal and electric power, increased 1.2 times in the first month that it launched its hard-work drive, [...]
SEOUL, June 1 (Korea Bizwire) – The number of public firms introducing the government-proposed wage system based on workers’ performance is growing at a faster rate than hoped for, despite growing labor opposition that might lead to legal battles. As of Tuesday, about 70 state-run firms and public organizations out of the total 120 that [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s unification ministry said Monday that North Korea appears ready to kick off another campaign designed to push its people to work harder starting in June. North Korean leader Kim Jong-un said that the “200-day campaign of loyalty” will be launched in a bid to implement the five-year [...]
SEJONG, May 24 (Korea Bizwire) – The government reiterated its position to adopt a performance-based salary system in state-run companies and institutions on a wider scale by the end of this year, a finance ministry official said Monday, as part of its efforts to reform the public sector. The government has pushed forward with the [...]
SEOUL, Mar. 31 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. said Tuesday it will implement a full-fledged flexible work hour system starting in April, adding it will also be applied to overseas branches in the near future. Under the plan, employees are given the choice of when to come and leave their [...]
![[Kobiz Stats] Annual Working Hours Per Capita](http://koreabizwire.com/wp/wp-content/uploads/2014/04/1인당연간근로시간-영문-1.jpg "[Kobiz Stats] Annual Working Hours Per Capita")
[Related Article] Big Change ahead for S. Korea’s Labor Standards (Korea Bizwire, April 10) The discussion in the National Assembly surrounding cutting back on work hours is gradually converging on the introduction of a 52-hour workweek scheme.The subcommittee for labor-management-government negotiation for social issues under the National Assembly’s Environmental and Labor Committee held on April 7 [...]
SEOUL, April 10, 2014 (Korea bizwire) – The discussion in the National Assembly surrounding cutting back on work hours is gradually converging on the introduction of a 52-hour workweek scheme. The subcommittee for labor-management-government negotiation for social issues under the National Assembly’s Environmental and Labor Committee held on April 7 a third meeting to narrow [...]