On 15 September, representatives of the FKTU union, employers and the South–Korean government concluded an agreement aimed at lifting some current labor market ‘rigidities’. However the other union confederation, the KCTU announced it would hold a protest demonstration on 14 November. The new agreement lists 65 propositions several of which were and still are unresolved issues such as relaxing redundancy conditions and changing working conditions without workers’ agreement.
The tripartite agreement that was concluded between the members of the Economic and Social Development Commission (ESDC) and approved by the country’s largest union confederation the FKTU aims to rebalance and relax what is a segmented labor market and promote youth employment. All three parties have committed to continuing discussions for a year. Nevertheless the government must submit draft laws based on these propositions to the Parliament. The text treating workers on fixed term employment
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