Efforts to restructure wage and retirement systems signal a pivot towards adaptable work hours and compensation
Presidential chief of staff for policy Sung Tae-yoon emphasized the Yoon administration’s labor reforms, highlighting efforts to make the labor market more flexible, during a keynote address on Wednesday. He told reporters that the government is working to adapt employment systems, including wage structures and retirement policies, to better align with productivity and demographic realities. Sung dismissed President Yoon Suk-yeol’s earlier proposals for a 69-hour workweek, stressing the importance of creating diverse and adaptable work arrangements.
Sung also connected these labor reforms to the Yoon administration’s broader 4+1 agenda, which focuses on structural reforms in four key areas — labor, education, pensions and healthcare — plus additional measures to address South Korea’s low birth rate. He noted that the government aims to reduce barriers to marriage and childbirth by easing work-family balance, as part of efforts to address the country’s low birth rate and long-term economic sustainability.
Presidential chief of staff for policy Sung Tae-yoon emphasized the Yoon administration’s labor reforms, highlighting efforts to make the labor market more flexible, during a keynote address on Wednesday. He told reporters that the government is working to adapt employment systems, including wage structures and retirement policies, to better align with productivity and demographic realities. Sung dismissed President Yoon Suk-yeol’s earlier proposals for a 69-hour workweek, stressing the importance of creating diverse and adaptable work arrangements.
Sung also connected these labor reforms to the Yoon administration’s broader 4+1 agenda, which focuses on structural reforms in four key areas — labor, education, pensions and healthcare — plus additional measures to address South Korea’s low birth rate. He noted that the government aims to reduce barriers to marriage and childbirth by easing work-family balance, as part of efforts to address the country’s low birth rate and long-term economic sustainability.
Get 30 days
of free access to
KoreaPro
-
Full access to all analysis
-
The KOREA PRO newsletter, every business day
-
Daily analysis on the top story of the day
-
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start
now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.