January 19, 2023 | 1:50 pmSEOUL —
“If you are working at ice cream factories for example, you can work overtime seasonally, then save the hours of work and use later to go on a longer holiday,” the ministry said of the reform. Only 14% of South Koreans were in trade unions in 2021, data show, which could limit how much workers can negotiate. In a statement, the Korean Women’s Associations United said “only regulations like the 52-hour workweek and pressure from labor unions can protect workers from long working hours.”
More than 18% of South Koreans worked more than 50 hours a week in the world’s 10th-largest economy in 2021, according to unpublished data from the Organisation for Economic Co-operation and Development — the fifth-highest after Turkey, Mexico, Colombia and Costa Rica. The government says allowing workers to spend accrued overtime hours on vacations will mean people who want to work less — such as parents or caregivers — will be able to do so.
The country already has the lowest fertility rate in the world, and a rapidly ageing population. The working-age population peaked at 38 million in 2019 and is set to drop by more than 9 million by 2040, government data show.
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