Global Briefing: Jul. 1, 2002

Koreans Get the Weekend Off

On July 1, South Korea's banks will close their doors on Saturdays, thereby making their employees the country's most envied workers. Almost all other Koreans--as well as workers in other countries from Israel to Mexico--still work a six-day week. Korea's labor unions are negotiating with employer groups to give a two-day weekend to the rest of the work force--a measure supported by the government, which may introduce legislation to make a shorter workweek mandatory. South Korea's plan to adopt a five-day workweek is seen as another sign that it is becoming a global economic player that...

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