■ The new government to push ahead with its policy agenda in three steps: Administrative action → Policy goals → Legislation If the new administration hopes to implement all of its labor and employment policies, it will need to revise related… 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
I. Industrial Relations in 2016 1. Conflicts over labor market reform During 2016, conflicts over labor market reform accelerated. The government released three guidelines towards implementation of labor market reform at the workplace level: guidelines on fair human resource management… Continue Reading
1. Labor market trends in the 1st half of 2016 In the 1st half of 2016, the labor market appears to be very depressed. Sustained low economic growth of around 3.0% and ongoing massive restructuring in shipbuilding and marine industries… Continue Reading
Last January, the Ministry of Strategy & Finance announced a broadening of its plans to enhance implementation of performance-based wage systems, which from 2010 had been applicable only to senior managers. With this announcement, controversy over these wage systems increased,… Continue Reading
① The Saenuri Party fails to win a majority; opposition parties together win a majority due to a breakthrough by the People’s Party 1. Ruling party 129 seats, Opposition parties 171 seats The Saenuri Party failed to win a majority of… Continue Reading
① Remaining term of the 19th National Assembly (~ 29 May 2016) 1. Uncertainty surrounding passage of economic revitalization bills, including bills on labor reform The Saenuri Party plans to prioritize efforts to push for passage of its economic revitalization… Continue Reading