Date
12 December 2017

New employment rules may hurt Korean firms in China, Yonhap says

New rules on the hiring of temporary or contract workers in China may affect the operations of South Korean firms operating in the country, Yonhap news agency reported Sunday, citing the Korea Trade Investment Promotion Agency. Under the new regulations, which took effect this March, the number of contract workers hired by a firm must not exceed 10 percent of its total workforce, and companies that currently exceed the ratio are given two years to meet the new requirement. Many South Korean firms operating in the country hire local workers on a contractual basis for their production lines and sales offices, the report said.

– Contact HKEJ at [email protected]

TL/AC/CG

 

 

 

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