The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    INTERVIEWINFINITE's Nam Woo-hyun returns after battling with rare cancer

  • 3

    NATO chief says Ukraine inflicting 'heavy losses' on Russian forces

  • 5

    Enhypen's 'Orange Blood' debuts at No. 4 on Billboard 200

  • 7

    Final vote for Expo venue to take place today

  • 9

    Population of young Koreans expected to halve by 2050

  • 11

    Nexon, Kakao Games accused of using feminist hand gesture in promotional videos

  • 13

    PHOTOSIt's beginning to look a lot like Christmas

  • 15

    Samsung retains top CEOs, launches unit to prepare for future

  • 17

    Record 165,000 migrant workers to enter Korea next year

  • 19

    Korea attends NATO-led cyberdefense exercise

  • 2

    2023 MAMA AWARDS hits Tokyo Dome with stellar lineup

  • 4

    Busan eyes Expo 2035 after losing to Riyadh

  • 6

    Robots slowly integrating into everyday life in Korea

  • 8

    Korea to double ceiling of immediate tax refund for foreign tourists

  • 10

    American man booked for writing graffiti in 155 locations across Seoul

  • 12

    Koreans need $2,830 a month after retirement: study

  • 14

    Former Hungarian ambassador honored with Gwanghwa Medal

  • 16

    Police lift travel ban on G-Dragon, request extension for actor Lee Sun-kyun

  • 18

    Mohegan Inspire integrated resort to hold soft opening in Incheon Nov. 30

  • 20

    Hyundai Motor chief named industry leader by Automotive News

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Wed, November 29, 2023 | 21:47
Govt aims to make job market more flexible
Posted : 2010-10-12 19:00
Updated : 2010-10-12 19:00
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
By Bae Ji-sook

From July next year, workers will be able to take more days off with their accumulated extra-working hours or conversely, work extra hours to make up for taking longer holidays, the Ministry of Employment and Labor said Tuesday.

Those willing to work after retirement will be able to do so by accepting a wage peak system — workers will have to brace for a pay cut from a certain age in return for job security.

The set of long-term job-boosting measures, approved during a Cabinet meeting Tuesday, aims to bring up the employment rate to 70 percent by 2020, the level seen in developed nations. Currently, the employment rate for those aged 15-64 stands at 62.9 percent.

With the unemployment rate soaring despite an improving economy, policymakers have decided to encourage companies to hire youths, married women with children and elderly people by subsidizing them.

From July, all salaried workers are guaranteed 40 hours-a-week working hours.

Female workers who wish to take maternity leave will receive a special subsidy according to their salary amounts. Flexible working hours for working mothers will be guaranteed and their salaries will also be partially supported by the state.

In order to create more jobs, the government has decided to allow newly-established companies to hire temporary workers for more than two years without renewal of contract. Currently, companies are obliged to renew the employment contract of a non-permanent worker to a permanent one, should an non-regular worker work at the same company for more than two years.

“We acknowledge that job creation can take place only when private companies and the government cooperate. We will also strive to monitor the youth employment status,” Labor Minister Bahk Jae-wan said.

However, the ambitious plan received a lukewarm reaction from both conservative and liberal activists. The Korean Confederation of Trade Unions said the program may create “bad jobs.”

“The plan allows more temporary or non-permanent jobs instead of regular ones. It gives good excuses for businessmen to hire people on lower salaries and with poorer benefits,” said the group spokesman Park Sung-shik.
Emailbjs@koreatimes.co.kr Article ListMore articles by this reporter
 
LG group
Top 10 Stories
1Busan eyes Expo 2035 after losing to Riyadh Busan eyes Expo 2035 after losing to Riyadh
2[PHOTOS] It's beginning to look a lot like Christmas PHOTOSIt's beginning to look a lot like Christmas
3US, S. Korea cast doubt over NK's satellite photos US, S. Korea cast doubt over NK's satellite photos
4How can Korea become more migrant-friendly? How can Korea become more migrant-friendly?
5As Christmas nears, people feel growing income disparity As Christmas nears, people feel growing income disparity
6Why are major South Korean stocks persistently undervalued? Why are major South Korean stocks persistently undervalued?
7Hyundai Motor unveils universal wheel drive system Hyundai Motor unveils universal wheel drive system
8Jefferies to open Seoul office in January Jefferies to open Seoul office in January
9Economist challenges Yoon's immigration policies Economist challenges Yoon's immigration policies
10Hyundai Card's overseas usage skyrockets with Apple Pay partnership Hyundai Card's overseas usage skyrockets with Apple Pay partnership
Top 5 Entertainment News
1[INTERVIEW] INFINITE's Nam Woo-hyun returns after battling with rare cancer INTERVIEWINFINITE's Nam Woo-hyun returns after battling with rare cancer
22023 MAMA AWARDS hits Tokyo Dome with stellar lineup 2023 MAMA AWARDS hits Tokyo Dome with stellar lineup
3NMIXX to showcase unique allure with 'Fe3O4: BREAK' album next year NMIXX to showcase unique allure with 'Fe3O4: BREAK' album next year
4Perrotin brings Shim Moon-seup's seascape-inspired canvases to Paris Perrotin brings Shim Moon-seup's seascape-inspired canvases to Paris
5December brings mix of action, thriller, romance to small screen December brings mix of action, thriller, romance to small screen
DARKROOM
  • [PHOTOS] It's beginning to look a lot like Christmas

    [PHOTOS] It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group