Parliament Passes Bill on Reduced Working Hours
SEOUL, Feb. 28 (Korea Bizwire) – The National Assembly on Wednesday passed a bill aimed at shortening working hours despite businesses’ concerns about increased labor costs. The revision to the Labor Standards Act calls for reducing the country’s maximum statutory working hours to 52 hours a week from the current 68 hours. The working hours under the revision comprise 40 hours a week and up to 12 hours for overtime work. Under the current rule, [...]