Lee Chang-Yong and Bank of Korea Research Team: "High-Income White-Collar Workers Should Be Exceptions to 52-Hour Workweek"
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Yoon Min-hyeok = The so-called 'Korean-style Hwai...' which does not apply the 52-hour workweek limit and regulations on additional pay for overtime, night, and holiday work to high-income workers
Former Bank of Korea Governor Lee Chang-yong pointed out the side effects of the 52-hour workweek system and the problem of declining productivity through research presented at Seoul National University. Mentioning the income reduction of low-income groups and the gap between labor unions, he analyzed that expanding the use of paid leave is of more substantial help in improving labor productivity than reducing statutory working hours.
Former Bank of Korea (BOK) Governor Lee Chang-yong announced his first research findings since stepping down on the 6th. Lee, along with Oh Sam-il, head of the BOK's Employment Research Team, presented "How Should the Working Hours System Be Changed?" at the National Future Strategy Institute's Population Cluster Forum held at Seoul National University in Gwanak-gu, Seoul, that afternoon. The paper is an extension of the "Structural Reform Serie…
Lee Chang-yong, former Governor of the Bank of Korea (and distinguished professor at Seoul National University), proposed the introduction of a "Korean-style white-collar exemption" (a performance- and autonomy-based working hours system) while publishing his first paper since leaving office.
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