Korea Labor Minister Urges Caution on 52-Hour Exemption; PinkFong Cancels 5.2B KRW Treasury Shares
Korea Employment Minister Kim Young-hoon called for careful consideration before granting 52-hour work week exemptions under the Mega Special Zone Act.
Key points
- Korea’s Labor Minister demands social dialogue before any 52-hour work week exemption in Mega Special Zone Act, slowing reform timeline.
- Retirement age extension from 60 to 65 is being expedited, adding experienced labor supply in Korea’s aging workforce.
- PinkFong Company cancels 5.2 billion KRW in treasury shares scheduled for October 22, a shareholder-friendly capital return action.
What’s your take on this? Join the discussion below.
Read the full analysis on market.news
🇰🇷 South Korea General Regulatory korea-labor 52-hour-workweek pinkfong treasury-buyback