Major Labor Law Issues Recently Revised In Korea

On April 29, 2021, a total of eight amendments to Republic of Korea ("Korea")'s labor laws, including the Labor Standards Act ("LSA"), passed the plenary session of the National Assembly, promulgated on May 18, 2021. The key changes that need to be taken into consideration when managing human resources are as follows:

Amendments to the Labor Standards Act

(Enforcement Date: November 19, 2021)

1. Employer's Obligation to Issue Wage Statements and the Items To Be Written on Wage Statements

Under Article 48 (1) of the previous LSA, the duty to record a wage ledger has been imposed upon all employers. Nevertheless, there were cases where the transactions were not entered correctly, or workers were not permitted to access the wage ledger or were unaware of its existence, making it difficult for them to utilize it as evidence in the event of wage arrears.