Category: labor news
A one-year grace period has been announced for small businesses in relation to the maximum 52-hour workweek
On December 11, the Ministry of Employment and Labor announced a plan to give small businesses a one-year reprieve from the maximum 52-hour system. The…
On May 29th, 2018, a new system for calculating annual leave goes into effect.
This post gives an overview of a change to the way annual leave is calculated, focusing on employees in their first and second years. It…
Changes in Korean Labor Law and Regulations for 2016
If you are curious about what will change in labor laws and regulations of Korea for the year 2016, check out this summary from the…
Retirement Pension to be mandatory for all companies in Korea in 2022
On 27 August 2014, the Korean government announced a plan to make retirement pension system mandatory for all companies. The followings are main points of…
54% of companies do not disclose the amount of annual salary for job posting
According to a survey conducted by a job portal site(www.career.co.kr), more than half of companies in Korea do not disclose salary information when they post a job vacancy. The…
Wage guidelines by labor and management for 2008
Every spring, around February, two labor organizations and an employers’ association in Korea announce wage increase guidelines for the year. The guidelines serve as a reference…