Korean retail giant Shinsegae decided to institute a 35-hour workweek to enhance employee's working conditions, the company said Friday. The move marks the first time for a local conglomerate to implement such a short work week.
Under the policy, all employees from Shinsaegae's retail sectors are set to work seven hours a day from January. Working hours are from 9am to 5pm, but it could be flexible depending on the types of work.
The wages, however, will be secured the same as before, and an annual salary increase will also be continued.
According to Organisation for Economic Cooperation and Development data, Koreans worked an average of 2,113 hours in 2015, the second highest among the OECD members.
The government has pledged to reduce the annual working hours to about 1,800 hours level.