Recent news
Latest items of recent news relevant to South Korea as reported in our fortnightly newswire ‘Dernières nouvelles’.
South Korea: New pay deal for Kia workers
The 30,000 Korean workforce has agreed a package consisting of an increase of 98,000 won (US$68 …
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South Korea: ‘Yellow envelope law’ likely to deepen labor-management conflict
Trade unions are continuing to press for revision of Articles 2 and 3 of the Trades Union Act …
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South Korea: Provisional salary deal in the banking and finance sector
It has taken six months to negotiate, but finally a national agreement has been concluded for 2022 covering all operational employees in the sector …
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South Korea: Supreme Court rules against peak wage system
The system was first adopted to reduce labour costs whilst allowing retiring employees to work for a few more years …
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South Korea: Fertility rate falls to the lowest in the World
Last year, the country broke its own record by reducing its fertility rate to 0 …
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South Korea: Entitlement to work beyond a 52-hour week due to end soon
On 31st December 2022, the legal facility for employers with up to 30 employees to ask their employees to work beyond a 52-hour week will come to an end …
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South Korea: National Assembly debates right to disconnect Bill
The Bill does not seek to ban all out of hours communications, but prevent repeated calls, emails, text messages or social media messages, especially late at night …
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South Korea: Samsung Electronics to sign its first-ever collective bargaining agreement with unions
Samsung Electronics signs first wage agreement in 53-year history …
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South Korea: Hyundai Motor, labor union reach tentative wage deal
A strike at Hyundai Motor Co has been averted by a provisional wage deal …
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South Korea: 5% minimum pay gain amid inflation pain for 2023
The Minimum Wage Commission has agreed on a minimum hourly wage increase for 2023 …
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South Korea: Gen Z’s workplace demands force corporate Korea to loosen up
Many large multinationals are trying to reform their corporate cultures, but are still failing to impress talented applicants …
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South Korea: Government officially decides to pursue CPTPP
The government has decided to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) …
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South Korea: Widescale non-compliance with the new “Serious Accident Punishment Act”
A survey conducted by the Korean Chamber of Commerce and Industry has highlighted widescale non-compliance with the new “Serious Accident Punishment Act” …
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South Korea: Companies were cutting back workforces even before the pandemic set in
A survey of 1,874 companies carried out by the Korean Economic Research Institute has discovered that, even in 2019, 44 …
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South Korea: Wage negotiations at Samsung Electronics deadlocked
Samsung turns to its works council after union talks fail …
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