The Opposition have opposed the plan, with a politician calling it a “shortcut to population extinction”. Read more at straitstimes.com.
SEOUL - The administration of South Korean president Yoon Suk Yeol wants to allow people to work up to 69 hours a week - up from the current 52 - and bank overtime hours in exchange for time off, a plan it hopes will promote family growth alongside productivity.
The proposal would allow employers and workers to agree on whether to count overtime by the week, with 12 hours allowed; the month, with 52 hours allowed; the quarter, with 140 hours allowed; a half year, with 250 hours; or a full year, with 440 hours of overtime allowed. The law must be passed by the National Assembly, where Mr Yoon’s political opponents hold the majority. Opposition politicians have said they oppose the plan, with Representative Park Yong-jin of the main opposition Democratic Party of Korea calling it a “shortcut to population extinction”.
“The beauty of introducing a 52-hour workweek was that you gave a signal to employers, unions and workers saying, ‘Listen, you really have to do something about the long working hours culture in your country,’” said Mr Willem Adema, a senior economist at the social policy division of the OECD.
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