* Date : 2015-09-03
Money Matters Ep21
Peaking wages and the debate that follows
Faced with tepid growth, the Park Geun-hye administration has vowed to breathe fresh life into the economy through labor reforms. At the core of this drive is the wage peak system that the government is pushing for companies to adopt in hopes of making room for new hires. However, the idea has fired up debate on whether costs saved from senior employees will actually lead to desired results.
Korea In Depth
Cashing in on fatigue
Eight out of ten Koreans say they feel chronically tired, and this is no surprise as the country is said to have some of the shortest average sleeping hours among OECD nations. This has led to the growth of a so-called fatigue-relief industry, which includes everything from bed cinemas to massage chair cafes and a swarm of drinks and potions said to offer a quick fix.