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.
- Mandatory Retirement Age of 60 may be Mandatory for Most Companies in Korea
- Transfer of Employee in Korea to Lower Position in Company May not be Wrongful Termination: Seoul High Court Precedence
- Korea Legal News for the Week of May 5
- Utilization of Accountants in Termination of Employees for Urgent Business Necessity (Urgent Managerial Need) in Korea
- Korea Expands Definition of Discriminatory Treatment for Non-Regular Workers: Employment & Labor Law Update
- Korea’s Samsung One of the Top 10 Most Innovative Companies: Booz & Co.
- Tax Incentives May Decrease for Foreign Companies doing Business in Korea: Tax Law Updates
- The North Korean Children Welfare Act of 2012 Signed into Law in the States
- Enforcement Decrees are Becoming more Common in South Korea
- “Cause” Needed to Terminate During Probationary Period in Korea?