SEOUL - The administration of South Korean president Yoon Suk-yeol wants to allow people to work up to 69 hours a week - up from the current 52 - and bank overtime hours in exchange for time off, a plan it hopes will promote family growth alongside productivity. The government says the plan, set to be announced next month, will...
SEOUL - The administration of South Korean president Yoon Suk-yeol wants to allow people to work up to 69 hours a week - up from the current 52 - and bank overtime hours in exchange for time off, a plan it hopes will promote family growth alongside productivity.
The proposal would allow employers and workers to agree on whether to count overtime by the week, with 12 hours allowed; the month, with 52 hours allowed; the quarter, with 140 hours allowed; a half year, with 250 hours; or a full year, with 440 hours of overtime allowed. The law must be passed by the National Assembly, where Mr Yoon’s political opponents hold the majority. Opposition politicians have said they oppose the plan, with Representative Park Yong-jin of the main opposition Democratic Party of Korea calling it a “shortcut to population extinction”.
“If the current legislation is all about giving flexibility, then that’s fine. But it doesn’t seem to be interpreted as such.”
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