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Gov’t to Grant Smaller Firms 1-year Grace Period for 52-hour Workweek Implementation

Gov’t to Grant Smaller Firms 1-year Grace Period for 52-hour Workweek Implementation

SEOUL, Dec. 11 (Korea Bizwire) — South Korea plans to give a one-year grace period to the country’s small and medium-sized enterprises (SMEs) in adopting the 52-hour workweek system, the labor ministry said Wednesday, reflecting financial concerns for the smaller firms amid an economic slowdown. The 52-hour policy was initially devised to cap the average [...]