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S. Korea's labor productivity increased in 2018, mainly due to reduced work hours

2019-05-07 2 Dailymotion

작년 전산업 노동생산성 3.6%↑…근로시간 감소 등 영향<br /><br />South Korea's labor productivity in all industrial sectors increased slightly last year... mainly due to reduced working hours.<br />According to the Korea Productivity Center, the labor productivity index recorded 108-point-3 in 2018 - up 3-point-6 percent from the previous year.<br />The index is calculated by dividing added value by work hours... relative to the base year 2015. <br />The center said the index has been increasing steadily for three straight years, attributing last year's rise to a boost in private consumption and the shorter working hours. <br />South Korea introduced the 52-hour workweek system in last July for companies with 300 or more employees. <br />

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