Hyowook Chiang, Ph.D., Managing Director of Welch Consulting will be a commentator to discuss Recent Developments in Wage and Working Hour Regulations on September 21 at the IAKL (International Association of Korean Lawyers) Conference in Seoul.

Dr. Chiang has been invited as a commentator along with many notable speakers from around the world. The panel will discuss Recent Developments in Wage and Working Hour Regulations. Korea is known for its long working hours. Addressing excessive work hours has been a priority of the current Moon government, and as part of this initiative the National Assembly amended the Labor Standards Act in 2018 to reduce maximum weekly work hours from 68 to 52. This new limit is being phased in over the next few years and is accompanied by greater restrictions on the use of extra overtime in certain industries. Businesses are still in the process of adjusting to the new reality and finding ways to get the most productivity out of their workforces under the new regime. The current government’s increased aggressiveness in employment-law enforcement, including wage-and-hour violations, has added to the urgency of dealing with these issues.

In this session, we will explore how these changes compare with wage-and-hour developments in other countries, some of which have been moving in the opposite direction towards a less restrictive legal regime.