SEOUL, Sept. 30 (Korea Bizwire) – The South Korean government on Friday urged Seoul city to adopt a performance-based wage system for the organizations under it, adding the change is necessary to make public bodies more competitive. The Ministry of the Interior, as well as finance and labor ministries, made a joint statement urging the [...]
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, Nov. 26 (Korea Bizwire) – The nation’s top court ruled Thursday that GM Korea Co. should count performance-based monthly wages paid to its employees as part of their ordinary salaries. A total of 1,025 of its workers filed a lawsuit demanding the management include performance-based pay and vacation stipends as part of ordinary pay [...]