Reduced Maximum Weekly Working Hours Translates to Less Pay, More Hires

SEOUL, March 15 (Korea Bizwire) — The government’s decision to reduce the maximum extended weekly working hours from 68 to 52 will lead to a drop in wages but growth in hiring, according to a report by the National Assembly Budget Office. Average monthly salaries are estimated to drop by 11.5 percent (377,000 won), with [...]