September 17, 2012 11:17
New figures show that Koreans work the longest hours among members of the OECD but only enjoy mid-range wages.
The Ministry of Strategy and Finance released a report on labor conditions here and noted that the average working week amounts to 44.6 hours, placing Korea on top of the OECD's 34 member countries.
But the annual average wage was just US$35,406, meaning that workers received a medium-sized wage. The ministry recommended that small and mid-sized companies should invest more to create new jobs, and that the retirement age should be increased as people stop working at an average age of 53.
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