South Korea workweek Archives

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 [...]

Parliamentary Committee Passes Bill on Reduced Working Hours

SEOUL, Feb. 27 (Korea Bizwire) — A South Korean parliamentary committee on Tuesday passed a bill aimed at shortening legal working hours despite businesses’ concerns over its possible impact on corporate productivity. The revision bill calls for reducing the country’s maximum statutory working hours to 52 hours a week from the current 68 hours. The [...]