The Ministry of Employment and Labor is planning to amend the Trade Union and Labor Relations Adjustment Act so that laid-off workers and unemployed persons can become union members. The Korea Employers Federation, the Korea Federation of SMEs, the Korea International Trade Association, and the Fede
Unionized workers at major banks such as Industrial Bank of Korea (IBK) and Korea Development Bank (KDB) are advocating director recommendation by themselves and this has to do with the Moon Jae-in administration’s labor-friendly policy. Earlier, the government officially announced in July 2017 that
The Korean Confederation of Trade Unions (KCTU) goes on a general strike on Nov. 21 over extension of the flexible work hours system and other issues. On the other hand, small-business owners’ complaints are mounting in the wake of the government’s push for 52-hour work week and a double-digit minim
During the Asian financial crisis in 1997, the International Monetary Fund (IMF) called upon the South Korean government to make the local labor market more flexible before anything else. In response, the government prepared the Act on the Protection of Dispatched Workers in February 1998.Still, the
It has been found that the Tax Cuts and Jobs Act recently passed by the United States House of Representatives includes an excise tax of 20% applied to cross-border inter-subsidiary transactions by multinational companies located in the United States.The tax reform bill proposed by the Republican Pa