The South Korean parliament passed a law that reduced the maximum number of working hours from 68 to 52 – 40 basic and 12 overtime (that is, no more than 8-10 hours a day in a five-day week). The initiative is aimed at “improving living standards, creating new jobs and increasing the productivity of labor,” The Guardian reports .
The law to counteract the “inhumanly long” working day was accepted despite the indignation in the business environment. Shortly before this, the South Korean parliament also increased the minimum labor rate by 14% – both of these measures were the pre-election promises of President Mun Jain.
As noted by the publication, the epidemic of workaholism swept over South Korea after the economic leap from 1980-90. Citizens of the Asian country took the second place in the world list of the most hard-working, losing only to the Mexicans. At the same time, the birth rate in Korea for 30 years has fallen to a record low, and the population is much older.
Koreans spend at work on average 400 hours a year more than the British or Australians. Specialists of the Korean Institute of Economic Researchers noted that the refusal of such a large amount of working time will cost employers about $ 11 billion