Recent news

Latest items of recent news relevant to South Korea as reported in our fortnightly newswire ‘Dernières nouvelles’.

South Korea: ‘Workation’ visa

Foreigners who work for a foreign company, have at least one year of work experience in the same industry, meet specific earnings thresholds, hold personal medical insurance and home evacuation policy coverage may now apply for a ‘workation’ visa …

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South Korea: Bonus payment ruling about Hyundai

The Civil Division of the Seoul High Court has ruled, on appeal, that the car parts business ‘Hyundai Mobis’ was in contravention of Article 43 of the Labour Standards Act when it excluded employees who had worked for less than 15 days from its regular bonus payments …

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South Korea: 2024 Job subsidies

The government has budgeted to provide up to 2 million won (US$1,502) to 24,800 SME companies that fill available vacancies with young workers (aged 15-34) this year …

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South Korea: Changing business hours

The current law requires supermarkets to remain closed from midnight to 10am and there is also a ban on delivery of online orders at this time …

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South Korea: Early retirement and inflation causing drain on finances

The latest annual KB Financial Research Institute’s retirement preparation survey has found that the appropriate cost of living after retirement has increased by 1 million won (US$770) per month compared to 5 years ago …

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South Korea: Risks of cerebrovascular disease much higher in some sectors

Research carried out by Eunhoe Koo PL (The Working Environment Health Centre) has found that some industries were especially vulnerable to cerebrovascular diseases (conditions affecting blood flow to the brain) …

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South Korea: Return of trade unions to ‘social dialogue’

The Federation of Korean Trade Unions has been refusing talks with the government for the last five months …

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South Korea: Pushing the limits on labour reform

Due to public concerns, the government is reviewing its plans to introduce working time reforms that would have led to a maximum 69 hours of work per week …

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South Korea: Safety management training

A project run by the Ministry of Employment and Labour has been extended until 2025 and widened to cover non-construction industries …

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South Korea: Widening the corridor for Sri Lankan workers

The government has been actively encouraging the migration of Sri Lankan workers to take up opportunities, principally in the industrial and fisheries sectors …

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South Korea: New 6+6 dual care parental leave system

From 1st January 2024, if both parents take leave when their children are under 18 months old the 6+6 system will kick in – giving the normal salary up to a ceiling – for a period of 6 months …

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South Korea: Minimum wage to be increased in 2024

The minimum hourly wage will be raised by 2 …

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South Korea: Repeal of the ‘yellow envelope’ law in prospect

Whether an organisation may sue a trades union and/or workers concerned for damages caused during a labour dispute has been a hot issue since 2009 …

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South Korea: Measure to regularise Starbucks employees

Currently, Starbucks Korea operates a separate approach to the employment of store managers and deputy managers who have contracts that state an 8-hour day …

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South Korea: Untangling workweek reforms

Confusion arising from the government’s announcement of a new 69-hour week has led to the formation of a ‘Labour Reform Special Committee’ …

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