SK Group announced that it will provide KRW 4.8 billion (USD 4.23 million) to 93 social enterprises which participated in SK Group’s Social Incentive Project, which has run from 2015 under the leadership of the Chairman, Mr. Tae-won Chey. The… Continue Reading
According to an analysis by Korea’s Financial Supervisory Service, the average employment tenure in the 88 listed companies (all affiliates of 10 conglomerates) is 10 years. By group, employees with Hyundai Heavy Industries Group have the longest tenure at 15.7… Continue Reading
1) Economic Issues Regarding economic growth, the candidate for the Minjoo party of Korea, Moon Jae-in, suggests a policy of ‘wage-led growth’ while the People’s Party candidate, Ahn Cheol-soo, emphasizes one of ‘fair growth’ – Moon has pledged to… Continue Reading
1. Unions put forward labor policy demands ahead of the presidential election The Federation of Korean Trade Unions (FKTU) announced its preferred presidential candidate on 27 April, and held a policy pact ceremony with the selected candidate on 1 May.… Continue Reading
Government to support work-life balance and spread competency-based hiring The government announced the release of its ‘Competency-based Hiring Guidebook’ on 29 March and recommended that companies stick to the following guidelines when it comes to recruiting: ▴not require irrelevant personal… Continue Reading
1. Trends in recent court rulings and strategic responses regarding in-house subcontract and temporary work issues – Date: 6 April (Thurs.) – Venue: 5th Floor Lecture Room, KEF Building – Course offered to: HR/IR/General affairs managers and staff 2.… Continue Reading
The trade union at Daewoo Shipbuilding & Marine Engineering (DSME) proposed discussion of the ‘pain-sharing’ agenda, including wage reductions, through a conservative group composed of labor and management at DSME, the government, and creditors. The union explained that “management recently… Continue Reading