More than 1,700 workers were found to have been laid off last year from listed financial companies due to restructuring of the financial sector. It is estimated that thousands more were laid off if unlisted companies are included. Based on… Continue Reading
Labor Law Basics – Date: 11 May (Thurs) ~ 12 May (Fri) – Venue: 5th Floor Lecture Room, KEF Building – Course offered to: HR/IR/General affairs managers and staff Case Studies on Major Issues of Laws against Unfair Labor… Continue Reading
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