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Economy


ANNUAL WORKING HOURS FOR S. KOREANS FALL, BUT REMAIN MUCH LONGER THAN OECD
AVERAGE

Written: 2024-03-04 15:28:49 / Updated: 2024-03-04 15:31:38

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Photo : KBS News

The average yearly working hours among South Korean workers fell by nearly two
hundred hours over the past decade, but still remain much longer than the
average of the Organization for Economic Cooperation and Development(OECD)
nations.

According to data released by the Ministry of Employment and Labor on Sunday,
the average accumulated working hours of a worker at a company with at least one
employee came to 156-point-two hours per month in 2023, two-point-five hours
shorter than 2022.

The monthly average in 2023 translates into a total of one thousand-874 working
hours per year, the first time its dropped to the 18-hundred-hour range.

With the 52-hour work week system being implemented in 2018, the country has
seen a steady decline, as the monthly average working hour in 2013 came out to
172-point-six hours, which is equivalent to two thousand-71-point-two hours per
year.

Still, the 2022 annual average for South Korean workers remains 155 hours longer
than the OECD average, with only Colombia, Costa Rica and Chile having a higher
annual average.
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