Recent news
Latest items of recent news relevant to South Korea as reported in our fortnightly newswire ‘Dernières nouvelles’.
South Korea: Menarini Korea’s management and union wrap up wage deal after 18 months
A labour agreement has now been concluded between Menarini’s Korean subsidiary and the Korea Democratic Pharmaceutical Union …
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South Korea: Minimum wage rate (2022)
The minimum hourly wage has been increased by 5% from 8,720 won (US$7 …
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South Korea: February 2022 jobless rate falls record low
Job growth and a significant fall in unemployment hides a major structural swing away from the domestic market …
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South Korea: Number of workers taking parental leave up 3.7% in 2020
Figures just published show that parental leave is being taken up by an increasing number of workers …
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South Korea: The EU declared South Korea adequate under the GDPR
A new adequacy decision has just been made by the European Commission under the GDPR …
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South Korea: Compulsory Youth Employment Law extended until December 2023
The Compulsory Youth Employment Law, which makes it obligatory for public authorities and enterprises to hire a certain number of young workers, will now be extended until 31st December 2023 …
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South Korea: New workplace safety law alarms foreign companies
Draconian laws concerning workplace infractions not only continue to place senior executive at risk, but also a new workplace safety law applicable from next January could increase the penalties still further …
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South Korea: Korean Air’s Asiana acquisition
Significant delays are taking place in the implementation of takeover plans by Korean Air for Asiana Airlines, leading to uncertainty for employees …
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South Korea: Seoul vows to eradicate discrimination against multicultural families
A proposed Bill to modify the “Multicultural Family Support Act” has been introduced into the national parliament …
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South Korea: State firms criticized for maintaining low-interest loans for employees
State-run companies are draining their available corporate capital reserves by continuing to offer low cost employee-only housing loans …
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South Korea: HMM, labor unions reach last-minute wage deal
A wage settlement has finally been reached between the country’s largest shipping company HMM and its unions …
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South Korea: GM Korea workers OK company’s wage offer
GM Korea has now secured union agreement to an enhanced wage deal, after not being able to secure union member support in a vote last month …
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South Korea: Anti-feminism backlash on the rise
A backlash against feminism is endangering women’s rights in a country where great progress has been achieved in recent years …
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South Korea: Samsung Display, union reach wage agreement
The first ever strike in an electronics division of Samsung has come to an end, with the labour union and the Samsung display division reaching an agreement for a 4 …
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South Korea: New minimum wage rate (2022)
The Minimum Wage Commission has set the new minimum wage rate at 9,160 won (US$7 …
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