Ruling Party Pushes 52-Hour Workweek Exemption for Mega-Cluster Tech Researchers

■AI PRISM [Campus News] Democratic Party Pushes 52-Hour Exemption for Research Personnel First-Half M&A Surges 45%, Highest in a Decade Employment Insurance Eligibility Changed to 800,000 Won

Finance|
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By Kang Do-won
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null - Seoul Economic Daily Finance News from South Korea

▲AI PRISM* Customized Economic Briefing

*Editor's Note: 'AI PRISM' (Personalized Report & Insight Summarizing Media) is an 'AI-based personalized news recommendation and summarization service' developed with support from the Korea Press Foundation. It selects and provides six customized news items by reader type.

[Key Issue Briefing]

■ Ultra-Short-Time Workers Gain Access to Employment Insurance: The Ministry of Employment and Labor has issued advance notice of a subordinate legislation amendment allowing enrollment in employment insurance for those earning 800,000 won or more per month. Young people juggling multiple part-time jobs are also expected to gain broader access through income aggregation.

■ Push to Ease Working-Hour Regulations for Advanced Industry Researchers: The Democratic Party of Korea said it will bring the introduction of a 52-hour workweek exemption for research personnel at companies participating in mega projects such as semiconductors into public discussion. Those preparing for employment in related fields should keep in mind the possibility of changes in the work environment, according to analysis.

■ AI-Driven M&A Boom Signals Industrial Realignment: Global M&A and fundraising in the first half of this year rose 45% from a year earlier, marking the highest level in 10 years. With mega deals led by large corporations driving the trend, observers expect the pace of industrial realignment to accelerate.

[News of Interest to University Students and Job Seekers]

1. "Part-Timers Earning 800,000 Won a Month Can Also Get Unemployment Benefits"

Key Summary: The Ministry of Employment and Labor issued advance notice on the 10th of a subordinate legislation amendment changing the employment insurance eligibility threshold from 60 or more working hours per month to 800,000 won or more in monthly pay. An income aggregation system will also be introduced, allowing individuals to enroll upon their own application if their combined pay from multiple workplaces reaches 800,000 won or more, even when pay from a single workplace falls short of 800,000 won. The method under which employers reported once a year will be abolished and replaced with monthly reporting or substitution with National Tax Service income data. Job seekers whose income was dispersed across multiple part-time jobs are expected to have a path to escape the employment insurance blind spot and enter the safety net, including unemployment benefits.

2. "Ruling Party Pushes 52-Hour Workweek Exemption for Mega-Cluster Tech Personnel"

Key Summary: The Democratic Party of Korea said it will bring into public discussion the introduction of a white-collar exemption that eases working-hour regulations (the 52-hour workweek) for research and development personnel at companies participating in the government's three mega projects, including semiconductors. With Samsung Electronics (005930.KS) and SK hynix (000660.KS) having continuously requested a 52-hour workweek exemption for R&D personnel, the Democratic Party, which had previously opposed such measures amid pushback from labor circles, appears to be reviewing a change in stance. However, the specific design of the system has not yet been discussed, and persuading labor circles and building social consensus remain tasks to be addressed, according to the explanation. Job seekers preparing for employment in advanced industries such as semiconductors need to watch for future changes in working hours and treatment conditions, observers say.

3. "M&A Craze Led by AI... Corporate Deals Hit 10-Year High"

Key Summary: In the first half of this year, corporate transactions including global M&A, IPOs, and private fundraising reached 3.2 trillion dollars (about 4,838 trillion won), up 45% from the same period a year earlier, marking the highest half-year figure in the past 10 years. While 44 mega deals worth 10 billion dollars or more were completed, the total number of deals fell 1%, indicating that large-corporation transactions were active while small and medium-sized enterprises maintained a wait-and-see stance. NextEra's acquisition of Dominion Energy (118 billion dollars) and SpaceX's acquisition of AI coding startup Cursor (60 billion dollars) are cited as representative cases. As industrial restructuring accelerates around AI, it is worth watching the trends in hiring and business direction changes in related fields, according to analysis.

4. "Shinsegae I&C Launches First Union in 29 Years Since Founding"

Key Summary: A labor union has been launched at Shinsegae I&C, the SI affiliate of Shinsegae Group, for the first time since its establishment in 1997, beginning activities as a member of the Federation of Korean Trade Unions' national IT office service union federation. The union said it was formed against a backdrop of personnel outflow and job insecurity hitting the company amid intensifying competition to secure specialized IT workers. The fact that members' opinions were not sufficiently gathered during some recent organizational restructuring is also cited as a major trigger for forming the union. Job seekers preparing for employment in the IT industry can use this as a reference indicator for assessing a company's organizational culture and job stability, according to the explanation.

▶Go to article: 140 Billion Won in Retail Stock Forcibly Liquidated in One Day...Fallout From Extreme Volatility

▶Go to article: "Taxation Where Income Exists" Gains Momentum...But "Volatility Will Rise" Concerns Also Emerge

null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea

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Original reporting by Kang Do-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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