① Labor continues action against labor market reform As the Federation of Korean Trade Unions (FKTU) has expressed the possibility of breaking the Tripartite Agreement, FKTU-affiliated unions which oppose the Agreement plan to continue taking labor action against labor… Continue Reading
Tripartite Committee kicks off discussions on follow-up tasks to the Tripartite Agreement The Special Committee for Structural Reform of the Labor Market under the Economic Social Development Commission (ESDC) began a 2nd term, with the head and public interest members… Continue Reading
① FKTU decides to return to the Tripartite Committee The Federation of Korean Trade Unions (FKTU) held a central executive committee meeting on 26 August and decided to come back to the Special Committee on Labor Market Structure Improvement… Continue Reading
Government focuses on restoring social dialogue on labor market reform through the Tripartite Committee The government held an economy-related ministerial meeting on 12 August and confirmed its intention to complete labor market reforms this year (see Table 1 for details).… Continue Reading
Amid recent dismal investment and consumption rates in Korea, companies with lower profitability need to restructure or take other management actions to improve competitiveness. However, this is not easy in the current business environment. Besides excessive employment protection laws and… Continue Reading
Samsung Group has announced a comprehensive youth employment plan which will provide jobs and training opportunities for 30,000 youths over the next two years. Samsung has created an internship program called ‘Stepping Stone for Employment.’ Through the program, Samsung… Continue Reading
Doosan Group has decided to implement a wage peak system starting next year, making it the first business group to do so with all of its affiliates including workplaces with fewer than 300 workers. While the Group has introduced wage… Continue Reading