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
Hyundai Motor Group will implement a wage peak system throughout all its affiliates starting next year. With the reduced labor costs, the Group will create 1,000 or more jobs per year for youths. The Group stated that a wage… Continue Reading
1. Strategies for & Practical Cases of Retirement Age Extension to 60 with a Wage Peak System – Date: 18 September (Fri) – Venue: 5th Floor Seminar Room, KEF Building – Course offered to: HR/labor relations/general affairs/business administration managers and… Continue Reading