• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
South Korea

Forget the 4-day workweek in South Korea: It’s proposing a maximum workweek of almost 70 hours

Nicholas Gordon
By
Nicholas Gordon
Nicholas Gordon
Asia Editor
Down Arrow Button Icon
Nicholas Gordon
By
Nicholas Gordon
Nicholas Gordon
Asia Editor
Down Arrow Button Icon
March 10, 2023, 5:39 AM ET
South Korean commuters crossing the street in 2019.
South Korea’s government is trying to extend the limits on maximum hours an employee can work each week.SeongJoon Cho—Bloomberg/Getty Images

The idea of a four-day workweek is gaining steam in economies like those of the U.S. and the U.K., as studies report shorter working hours lead to lower burnout and improved employee retention without hurting productivity.

But South Korea is going in the opposite direction. The Asian country is proposing letting its employees work longer hours—and argues the change will encourage households to start a family.

On Monday, the South Korean government officially unveiled its plans to reform the country’s caps on maximum working hours, first proposed by the country’s president, Yoon Suk-yeol, in December.

Under a law passed in 2018, South Korean workers can work a maximum of 52 hours a week, combining a standard 40-hour workweek with an additional 12 hours of overtime. Employers that breach the limit risk paying a fine or even jail time.

But the proposed scheme would allow employers and workers to decide to measure overtime on a monthly, quarterly, or even a yearly basis. The government will also expand the maximum amount of overtime an employee can take a week to 29 hours, meaning a maximum workweek of 69 hours. 

South Korea’s government argues that the new scheme allows for greater flexibility, and expressed hopes that workers might work fewer hours overall.

On Thursday, South Korea’s labor ministry even tried pitching the new rules as a way to support the country’s flagging fertility rate, which at 0.78 births per woman is the world’s lowest. Ministers suggested that staff might work longer hours one week in exchange for longer holidays elsewhere in the year. 

“We can resolve serious social problems like fast aging and low birth rates by allowing women to choose their working hours more flexibly,” labor minister Lee Jung-sik said, according to the Financial Times.

Korean business groups have welcomed the plan, while unions and women’s groups have criticized the proposed rules.

“While men will work long hours and be exempt from care responsibilities and rights, women will have to do all the care work,” the Korean Women’s Associations United said in a statement to Reuters. 

Unions, too, are against the change. “It will make it legal to work from 9 a.m. to midnight for five days in a row,” the Korean Confederation of Trade Unions said in a statement, blasting the government as having “no regard for workers’ health and rest.”

South Korea’s new rules do include provisions against extended shifts, requiring at least 11 hours of rest time between working days. 

But it’s not clear that Korean workers will be able to take advantage of their proposed flexibility. Only 40% of Korean employees used up all their annual leave in 2020, according to a government survey cited by the Financial Times. The average Korean employee worked a total of 1,915 hours in 2021, the fifth-highest total and almost 200 hours above the global average, according to data from the Organization for Economic Cooperation and Development.

And only 14% of Korean workers belong to a labor union, likely limiting their ability to negotiate for more flexible hours. 

The four-day workweek

Several countries have launched pilot programs to investigate the effects of a four-day workweek. One such pilot program, covering 2,900 employees in the U.K., reported significant improvements in employee health and retention with no loss in productivity. 

The six-month pilot, which offered full pay to employees working just 80% of their regular hours, reported a 65% drop in sick days and a 57% decrease in the likelihood an employee would quit. Almost all companies that took part in the trial said they would continue with a four-day workweek for now. 

Other governments are now considering trials of a four-day workweek. U.S. lawmakers at both the state and federal level are introducing bills to at least test a 32-hour week. And on Thursday, Australian senators called on the country’s government to try a shorter working week for its own employees. 

Yet experts have warned that the benefits of a four-day workweek accrue primarily to salaried workers. Hourly workers instead face the challenge of not having enough hours, or following an unstable just-in-time schedule. 

Fortune's CFO Daily newsletter is the must-read analysis every finance professional needs to get ahead. Sign up today.
About the Author
Nicholas Gordon
By Nicholas GordonAsia Editor
LinkedIn iconTwitter icon

Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Fortune’s coverage of Asian business and economics news.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Iran and U.S. near agreement on memorandum of understanding to end war, as Tehran says Hormuz is included in talks but nuclear issues are not
PoliticsIran
Iran and U.S. near agreement on memorandum of understanding to end war, as Tehran says Hormuz is included in talks but nuclear issues are not
By Munir Ahmed, Matthew Lee and The Associated PressMay 23, 2026
3 minutes ago
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices—and even Trump supporters doubt he can bring relief
EconomyInflation
The Fed’s worst inflation fears may be coming true as consumers lose faith in long-term prices—and even Trump supporters doubt he can bring relief
By Jason MaMay 23, 2026
45 minutes ago
gf
SuccessEntrepreneurship
Meet the 32-year-old who is America’s only full-time spelling bee coach — he charges up to $180 per hour
By Ben Nuckols and The Associated PressMay 23, 2026
1 hour ago
o
PoliticsOregon
Oregon Democrats wrote a gas tax, watched it get destroyed and now Jeff Merkley has a fight
By Claire Rush and The Associated PressMay 23, 2026
1 hour ago
t
North AmericaMedia
‘Hello, Goodbye’: Paul McCartney closed the lights on a Late Show that CBS couldn’t cancel quietly
By Mark Kennedy and The Associated PressMay 23, 2026
2 hours ago
w
Environmentclimate change
The asphalt industry has a heat problem — and cities are running out of patience
By Aya Diab, Alexa St. John and The Associated PressMay 23, 2026
2 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
1 day ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
1 day ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
1 day ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
4 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.