SEOUL, March 6 (Korea Bizwire) – The government announced a set of measures on Monday to reform the controversial 52-hour workweek system by giving more flexibility and choice in work hours. Under the system introduced in 2018, employers must limit overtime work to 12 hours per week to ensure the total number of hours worked [...]
SEOUL, Feb. 24 (Korea Bizwire) – The government is considering offering greater flexibility to companies with regard to the 52-hour workweek, by allowing them to extend the maximum weekly work hours to either 64 or 69 hours. The workweek system introduced in 2018 limits overtime work to 12 hours per week to ensure the total [...]
SEOUL, Dec. 30 (Korea Bizwire) — The government will give a one-year grace period to small businesses with five to 49 employees for a mandatory 52-hour workweek system to relieve a worsening workforce shortage they are facing, the labor minister said Friday. The move comes after such small firms will no longer be able to [...]
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 [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea plans to apply a grace period for smaller firms in adopting the 52-hour workweek system, the labor minister said Monday, reflecting concerns over financial costs and a legislative deadlock at the National Assembly. “In the case (the policies) are not legislated, the government will push for all [...]