| Title | Demographic Transition: Improving Working Hour Regulations to Adapt to the Future of Work | Hit | 154 |
|---|---|---|---|
| Category | Domestic Conference | ||
| Date | 2024-09-23 | ||
| Location | |||
| Host | Korea Labor Institute, Institute for Future Strategy | ||
| Attendant | 100 | ||
Invitation to the Joint Forum
“Working Hours Reduction and Directions for Institutional Reform”
Hosted by the Korea Labor Institute and the Institute for Future Strategy, Seoul National University
Korea’s annual average working hours, first reported to the OECD in 2011, stood at 2,119 hours. By 2023, this figure had dropped to 1,874 hours—a reduction of 245 hours in just 12 years. This decline was strongly influenced by institutional changes such as the 40-hour workweek and the 52-hour cap, reflecting the will of both the Korean people and the government to curb the long-working-hours culture and promote a better work–life balance.
However, as regulations on working hours were strengthened rapidly, production sites faced challenges that could not be resolved without productivity improvements driven by the joint wisdom of labor and management. To respond to demographic changes, it is necessary to expand flexible work arrangements, enhance worker skills through human resource development, and increase economic participation by women and youth. These efforts point to the need for working hours reform that improves productivity while maintaining balance for both workers and employers.
While the effects of working hours reduction will require time, investment in human capital, and the maturation of social consensus, Korea’s demographic realities are pressing the need for productivity gains and balanced production. This provides the opportunity to explore diverse ways of fostering cultural changes in working practices that can improve the quality of life for the people.
In line with these changes, the Korea Labor Institute and the Institute for Future Strategy at Seoul National University will hold a joint forum on “Working Hours Reduction and Directions for Institutional Reform.” The forum will discuss forward-looking reform measures that respond to macroeconomic changes while addressing the economic and social lives of both workers and enterprises.
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Date & Time: Tuesday, June 11, 2024, 2:00 PM – 5:00 PM (approx. 3 hours)
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Venue: FKI (Federation of Korean Industries) Conference Center, Yeouido, Seoul
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Format: Central discussion forum
We warmly invite you to attend, share your insights, and contribute to this important dialogue.
