- 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 participation in management, such as adoption of worker representation on corporate boards; ▲converting non-regular workers to regular status and abolishing discrimination against non-regular workers; ▲wage increases; ▲reduction of working hours; ▲employment security.
The two umbrella unions (the FKTU and the KCTU) announced their requests for wage increases.
[ Requests for Wage Increases from the Two Major Korean Umbrella Unions ]
| 2014 | 2015 | 2016 | 2017 | 2018 | ||
| FKTU | Amount of increase | KRW 251,505
(USD 235.82) |
KRW 245,870
(USD 230.54) |
KRW 256,734
(USD 240.73) |
KRW 257,860
(USD 241.78) |
KRW 318,479
(USD 354.88) |
| Rate of increase for regular workers | 8.1% | 7.8% | 7.9% | 7.6% | 9.2% | |
| Rate of increase for non-regular workers | 17.8% | 17.1% | 17.3% | 17.1% | 20.4% | |
| KCTU | Amount of increase | KRW 225,000 (USD 210.97) |
KRW 230,000
(USD 215.66) |
KRW 237,000
(USD 222.20) |
KRW 239,000
(USD 224.10) |
KRW 224,000
(USD 210.03) |
※ The KCTU requested the same increase for both regular and non-regular workers