Lee So-young calls for reform of South Korea’s 52-hour cap, wage system

  • Lee So-young called for changes to South Korea’s 52-hour cap and comprehensive wage system.
  • Workweek-cap violations can expose business owners to up to two years in prison.
  • Lee Hyoung-il said he would review electric-vehicle eligibility for a domestic production tax credit.

Lee So-young, nominee for minister of SMEs and startups, said South Korea’s uniform 52-hour workweek cap and comprehensive wage system do not reflect the diversity of modern business operations. She argued that enforcing the cap while exposing business owners to up to two years in prison, and uniformly restricting fixed-salary arrangements that cover overtime, could increase companies’ difficulties. Lee Hyoung-il, nominee for deputy prime minister and minister of economy and finance, said he would review whether electric vehicles should qualify for the domestic production tax credit after taking office, while considering industry views. The confirmation hearing for justice minister nominee Kim Seung-won saw ruling and opposition lawmakers clash over alleged lobbying linked to approval of Genencell’s COVID-19 treatment clinical trial and the leak of investigative materials.

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Lee So-young calls for reform of South Korea’s 52-hour cap, wage system - CoinPost Terminal