![]() South Korea more reliant on China for battery materials Korea ramps up efforts to build global biotech cluster Korean young adults skeptical about viability of National Pe.Ĭompetition heats up to secure aircraft on surging passenger. Korea’s Harvard Business School alumni to invest in early st. South Korea’s inflation in May cools to lowest in 19 months Korean economic minister shows optimism as exports improve Korea’s richest 1% households had net asset of $2.5 million in 2022 Korea’s Naver, Kakao to ban AI use in webtoon contests Korea’s fresh food delivery firm Oasis plans to debut on Kosdaq in February South Korea to unveil national pension reform plan in October Korean startup OZ Sepa gains traction in Middle East for oil skimming?solution Hyundai Department Store to revamp food hall in main Apgujeong branch Investors bet on future growth of robots after CES 2023 Naver open to hiring liberal arts majors as developers in latest recruitment Korean parliament to pass bill on preliminary feasibility study standard ![]() Company size wise, large companies are to pay 1,192,000 won with an year-on-year rise of 47,000 won (4.1 percent), while small and medium companies are planning to grant 909,000 won with an year-on-year increase of a mere 16,000 won (1.8 percent) It also illustrates that the domestic companies’ business sentiment has not been improved yet.Īccordingly, an average of 997,000 won per employee is to be granted this year, which is 2.6 percent (25,000 won) higher than last year. Such phenomenon is analyzed to have reflected the recent trend employing the annual salary system and gradually cutting the amount of bonus. The survey also revealed the gap between the large and small companies as 78.6 percent of large-size companies and 69.5 percent of small and medium businesses are to offer holiday bonuses. 72.1 percent of companies have a plan to pay the holiday bonus which is 3.4 percentage points less than the previous year (75.5 percent). The number of companies to grant the Chuseok bonus is estimated to have dropped. The length of holiday has shown to be varied by the industries with the manufacturing industry planning to take off from work for 3.9 days and the non-manufacturing industry for 3.4 days. ![]() This year’s Chuseok holiday coinciding with the weekend is also to be shortened as last year. Such a result was revealed on September 17 in the survey examining the Chuseok holiday period and bonus of 294 companies across the country for 2009 conducted by the Korea Employers Federation. Chuseok is the most largely-celebrated harvest festival in South Korea. The average amount of Chuseok bonus is slightly up to stand at 997,000 won (around $827), while the number of companies with a plan of granting bonuses is dropped. 이미지 확대South Korean companies are observed to offer 3.7 days for this year’s Chuseok holiday.
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