Korea Joongang Daily
Korea JoongAng Daily

Hyundai Motor's starting pay as high as 90 million won in record deal with union

Hyundai Motor and its labor union agreed on a 4.65 percent wage increase as maximum starting compensation reaches 90 million won.

2024-07-16

Why overdue wages?

Korean workers’ overdue wages exceeded 1 trillion won ($740.2 million) in August. That makes the livelihood of the working class sad.

2023-09-26

'Why are they trying to go against the flow?'

The Future Labor Research Council, a think tank launched by the government, presented recommendations to reform the labor market including suggesting amendments related to working hour regulations.

2022-12-19

Korean Air inks deal with both unions for big pay raise

Korean Air Lines is rebounding from the pandemic, reaching an agreement to raise employee wages by 10 percent, which were frozen for the past two years.

2022-06-24

Maternity leave worsens Korea's already wide gender wage gap

A recent study found that the longer a woman goes on maternity leave, the wider the wage gap becomes compared to their male counterparts. Korea has the largest gender wage gap among Organisation for Economic Cooperation and Development (OECD)...

2022-06-16

Jeju Air contemplates walking away from Eastar Jet deal

Jeju Air expressed frustration with Easter Jet, saying that the acquisition target needs to hold up its side of the bargain and stop leaking details of confidential conversations between the two companies.

2020-07-07

Jeju Air acquisition of Eastar hits a patch of turbulence

Jeju Air's planned acquisition of Eastar Jet is up in the air as the two parties fail to find common ground over a number of issues, including Eastar Jet's insistence that the larger airline pay off some of its existing unpaid wages.

2020-06-22

Total number of regular employees declines

The number of regular workers fell for the first time ever last month, though the statistic has only been compiled since 2009. In March, 18.27 million people were employed as regular workers at companies with more than one employee.

2020-04-29