Menu Content

Economy

Few Jobs Created among Firms Adopting 52-hour Workweek System

Write: 2019-08-25 14:53:25Update: 2019-08-25 15:00:39

Few Jobs Created among Firms Adopting 52-hour Workweek System

Photo : YONHAP News

Few jobs were created over the past year among South Korean companies that adopted the 52-hour workweek system.

The corporate tracker CEO Score said on Sunday that of the 500 major firms in terms of sales, it studied 181 firms that adopted the 52-hour workweek system from July of last year.

The 181 firms were employing about 842-thousand workers as of the end of June, up one-point-eight percent from a year earlier.

The rise was not much higher than the one-point-67 percent growth posted in the previous year when firms were not applying the 52-hour workweek system.

CEO Score said that the government introduced the system to create jobs and improve employees' working conditions, but there appears no immediate effect of significant job creation from the system.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >