July 01, 2011 10:59
Employees at smaller businesses in Korea will see their official workweek shortened from 44 to 40 hours from Friday.
The labor ministry announced on Thursday that the 40-hour workweek will now apply to businesses with more than five employees, therefore increasing the opportunity for overtime pay. The policy has already been applied to companies with 20 employees or more.
The ministry says that around 2.8 million workers will benefit from the new policy.
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