\n
South Korea’s government is considering changes to the 52-hour workweek law that currently affects semiconductor industry workers. The country’s Industry and Labour Ministers have proposed that researchers in this crucial sector should be allowed to work longer hours when necessary. This idea was discussed during talks with major industry players, such as Samsung Electronics and SK Hynix.<\/p>\n
Industry Minister Ahn Duk-geun emphasized the urgency of this proposal, stating that the global competition for semiconductor technology is fierce. He pointed out that countries like the United States, Japan, and Taiwan are heavily investing in their semiconductor industries. In contrast, Ahn noted that South Korea’s workforce is hindered by strict labor hour regulations, which could compromise the country’s competitive edge.<\/p>\n
Even though there has been discussion about a special bill to exempt semiconductor workers from the workweek limitation, there hasn’t been an agreement among political parties. The government has indicated that it will look into options for reforming this aspect of labor law.<\/p>\n
In other economic news, South Korea’s exports saw a 2.9% increase in the first ten days of March, rising to $13.87 billion, thanks to strong demand in the shipbuilding and automotive sectors, as reported by the Korea Customs Service. However, imports also rose by 7.3% during the same timeframe, leading to a trade deficit of $2 billion. Adjusting for working days, the daily export volume surged by 12.3% compared to the previous year, showing a positive trend after a slight decline in exports the month before.
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korea’s government is considering changes to the 52-hour workweek law that currently affects semiconductor industry workers. The country’s Industry and Labour Ministers have proposed that researchers in this crucial sector should be allowed to work longer hours when necessary. This idea was discussed during talks with major industry players, such as Samsung Electronics and<\/p>\n","protected":false},"author":1,"featured_media":8138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[34],"tags":[8980,8979,45,8978,8977,8976],"class_list":["post-8137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-ahn-duk-geun","tag-china-chip-technology","tag-samsung-electronics","tag-sk-hynix","tag-south-korea-semiconductor-industry","tag-us-semiconductors"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/8137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=8137"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/8137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/8138"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=8137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=8137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=8137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}