Lee & Ko updates

 
Changes to Labour Standards Act: National Assembly passes new bill to curb working hours
Lee & Ko
  • Employment & Benefits
  • South Korea
  • March 21 2018

The National Assembly recently passed a legislative amendment designed to reform the Labour Standards Act. The new legislation is projected to have a significant impact on all industries and levels. According to a study by the Korea Economic Research Institute, the additional annual labour costs that companies will incur is likely to exceed W12 trillion ($11 billion) in total.

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