Recent news
Latest items of recent news relevant to South Korea as reported in our fortnightly newswire ‘Dernières nouvelles’.
South Korea: Government plans further protection for gig economy workers
The Employment Insurance Act has now been amended to extend the coverage of employment and accident insurance to parcel delivery workers and 13 other categories of worker not currently covered by the law …
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South Korea: Major accidents punishment act
A special group set up by the National Assembly Legislative Judicial Committee has been looking at the current Major Accidents Punishment Act …
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South Korea: Strike restrictions?
Parliament has been busy with a mammoth session that saw 110 measures pushed though in a single day …
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South Korea: Korean Air to spend $1.6 billion to become Asiana Airlines’ top shareholder
The acquisition of Asiana by its rival airline Korean Air had its origins in Asiana’s insolvency – long before the pandemic struck …
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South Korea: Thai workers learn Korean to migrate
An increasing number of Thai workers are learning Korean in order to secure a job in South Korea …
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South Korea: GM woes
The agreement reached with Hyundai’s labour union in September involving a temporary wage freeze is still holding, although the rest of the deal, on reflection, looks generous in the face of the collapse in sales …
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South Korea: Korean LED manufacturer prevails in local criminal case against major Taiwanese competitor
The stealing of technical and trade secrets through hiring the employees of a competitor has recently come to a head in the case of ‘Seoul Semiconductor’ that has successfully prosecuted the Taiwanese company Everlight Electronics …
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South Korea: Gov’t to Introduce Universal Employment Insurance by 2025
The government is planning to introduce a universal employment insurance system, which will be rolled out in phases over the period until 2025 …
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South Korea: Maximum income tax rate to be raised to 45%
The Finance Ministry has proposed to the National Assembly that the top income tax rate on those earning 1BN Won or more (US$844,000+) should rise from 42% to 45% …
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South Korea: 2021 minimum wage set at 8,720 won, up 1.5% in weakest rise on record
The national minimum gross hourly wage for 2021 has been set at 8,720 won (US$7 …
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South Korea: Paid weekly holidays
A peculiarity of Korean employment law is that “paid weekly holidays”, i …
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South Korea: FMC Korea Union secures first collective bargaining agreement with Fresenius
The major healthcare company Fresenius FMC has reached an agreement with its FMC trade union …
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South Korea: Second wave of infections
A second wave of COVID-19 is now affecting the Seoul region …
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South Korea: Welcome news for smokers facing huge fines
A revision of the enforcement ordinance of the National Health Promotion Act accepted by the Cabinet last month halves the fines for smoking in public, if the offender agrees to attend anti-smoking education classes …
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South Korea: Amendments to Three Data Privacy Laws
Amendments to the three principal data protection laws will be coming into place over the next year …
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