The revision is meant to protect older workers. Many companies impose retirement ages of 55 and many even impose lower retirement ages.
The revision will still need to make its way through two committees and, also, reach a vote on the National Assembly floor.
Other articles that may be of interest:
- Terminate/Layoff of Employees in Korea
- Korean Independent Contractor Risks under Korea LSA
- The Ten Commandments of Labor Relations in Asia
- Korean Labor Relations by Tom Coyner
- There Goes the Neighborhood: Samsung “Union” Allowed to Protest in Front Of Samsung
Sean Hayes may be contacted at: [email protected]
Sean Hayes is co-chair of the Korea Practice Team at IPG Legal. He is the only non-Korean to have worked as an attorney for the Korean court system (Constitutional Court of Korea) and one of the first non-Koreans to be a regular member of a Korean law faculty.
- Tax Incentives May Decrease for Foreign Companies doing Business in Korea: Tax Law Updates
- Chinese are Coming: Huawei Phones in Korea?
- The Death of Samsung by Tom Coyner
- SsangYong Motors files for Bankruptcy in Korea
- Migrant Worker Labor Union Denied Registration in Korea
- Success in Life & Business in Korea by Senior Adviser to IPG
- 52-Hour Workweek Delayed in Korea for SMEs: Korean Labor Law Update
- South Korean Economy May be in a Slow Decline: Sign of M & A Increase in Korea?
- Korean Act on Special Cases Concerning the Establishment and Operation of Internet Banks
- Part-time Worker Annual Paid Leave Obligations under the Korean Labor Standards Act