Labor aims to increase both wages and employment security in 2018 collective bargaining The Federation of Korean Trade Unions (FKTU) delivered its guidelines for wage and collective bargaining 2018 to its affiliates. The guidelines incorporate demands such as ▲worker’s… Continue Reading
Discussions on constitutional amendment Representatives of the ruling and opposition parties had meetings on 13~14 March to discuss constitutional amendment, but failed to reach agreement. The government is planning to propose a bill on constitutional amendment prepared by the… Continue Reading
Government focuses on measures for youth employment On 15 March, the government announced comprehensive measures for youth employment, including support for companies which hire youth. [ Four Areas of Youth Employment Measures] 1. Enhance support for income,… Continue Reading
Strategic Process for Wage & Collective Bargaining 2018 – Date: 8 March 2018 (Thurs.) – Venue: 5th Floor Lecture Room, KEF Building – Course Offered to: HR/labor relations/general affairs managers and staff Preparing for Workplace Labor Inspections in the… Continue Reading
General Motors (GM) decided to close its assembly plant in Gunsan, Korea, resulting in 2,000 GM Korea workers at the plant to be laid off. On 13 February, the head offices of GM and GM Korea announced that production at… Continue Reading
Korean banks are continuing layoffs despite record profits last year. Kookmin, Shinhan, Woori and KEB Hana, the four largest banks in Korea, let go of about 2300 workers through voluntary retirement packages between the 2nd half of 2017 and the… Continue Reading
Lotte Group has announced that it will use artificial intelligence (AI) to screen resumes during this year’s annual recruitment which begins in March. The new AI was developed by Lotte Data Communication and a local language processing company. It will… Continue Reading