Korea Joongang Daily
Korea JoongAng Daily

Peak-wage debate becomes generational conflict in finance

Peak-wage system is leading to workplace disputes, especially in finance and especially in financial companies that are state owned. Older workers on the peak-wage system are slacking off, younger workers are saying.

2022-08-07

Peak-wage system court ruling piques the interest of unions

The Supreme Court said that if wages are cut it has to be for an appropriate reason, such as the extension of the retirement age.

2022-05-31

Advancing our wage system (KOR)

The Supreme Court last week upheld lower court rulings that the so-called peak wage system, or cutting wages when employees reach a certain age, is invalid.

2022-05-30

Advancing our wage system

The Supreme Court last week upheld lower court rulings that the so-called peak wage system, or cutting wages when employees reach a certain age, is invalid.

2022-05-29

Supreme Court rules for plaintiff in peak-wage system case

The Korean Supreme Court upheld a lower court ruling against limits on wages of employees after a certain age. The latest decision will affect Korean companies that practice the "peak wage system."

2022-05-26