The 41st KEF Top Management Forum Date: 8 ~ 9 February 2018 (Thurs. ~ Fri.) Venue: Grand Ballroom, 1st floor of the Westin Chosun Hotel (Seoul) Theme: Enterprises Lead Innovative Growth! Organized by the Korea Employers Federation & Regional Employers… Continue Reading
Large Korean enterprises have called for “new growth” in their new year’s messages. Hyundai Motor Group emphasized “responsible management”. The Chairman of Hyundai Motor Group stated that “the auto industry is rapidly evolving with futuristic technologies. The Group should take… Continue Reading
Fast food chains have begun to increase their prices due to the minimum wage increase, saying they have no choice due to the increasing cost of labor. KFC Korea increased prices on its menus by up to KRW 800 (USD… Continue Reading
Kia Motors reached an agreement with its workers union on a wage package for the year 2017 on 18 January 2018. In a vote held on the tentative agreement, 66.6% (17,809 members) of 26,760 union members (92.9% of all union… Continue Reading
The subcontracted baker issue in Paris Baguette (PB) has concluded 4 months after the Ministry of Employment and Labor (MOEL) stated “PB will be fined KRW 10 million (USD 9,326) per baker, if it does not directly hire its 5,309… Continue Reading
Individual Labor Relations Feature Before Revision After Revision Related Laws & Enforcement Date Minimum wage hike · Per hour: KRW 6,470 (USD 6.11) · Per hour: KRW 7,530 (USD 7.11) ※ Per month (40 hours/week, 209 hours/ month including 8… Continue Reading
Labor focuses on pending labor issues including reduction of working hours The two major umbrella unions held press conferences (FKTU on 16 January, KCTU on 17 January) to propose the direction of major agendas for 2018 including the promotion of… Continue Reading