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South Korean President praises work-hour cut regulation
20 Mar '18
1 min read
South Korean President Moon Jae-in has praised the revision of the Labour Standards Act limiting maximum weekly working hours to 52, terming it as a first step towards a dignified life. The revision approved by the country’s National Assembly last week is an important step in improving the quality of life and creating jobs, he told his senior aides.
The country will now move on from being a country with the longest working hours among the Organisation for Economic Cooperation and Development and deaths linked to strain caused by overwork, Moon said.
Rejecting concerns over the impact of reduced working hours, he said the introduction of regulations limiting working hours in the past has brought positive results to the economy.
“Enabling working people to spend evenings with their families, and enabling parents to raise their children together are also critical to resolving the serious low-birth rate problem,” a Korean newspaper report quoted Moon as saying. The country’s birthrate fell to a record low last year. (DS)
The country will now move on from being a country with the longest working hours among the Organisation for Economic Cooperation and Development and deaths linked to strain caused by overwork, Moon said.
Rejecting concerns over the impact of reduced working hours, he said the introduction of regulations limiting working hours in the past has brought positive results to the economy.
“Enabling working people to spend evenings with their families, and enabling parents to raise their children together are also critical to resolving the serious low-birth rate problem,” a Korean newspaper report quoted Moon as saying. The country’s birthrate fell to a record low last year. (DS)
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