South Korea

South Korea is implementing major labor reforms, including a 4.5-day workweek with no pay cuts, reducing weekly work hours from 52 to 48. The government aims to lower average annual working hours to below the OECD average by 2030. Other changes include expanded annual leave eligibility and promoting flexible work arrangements like adjusted schedules and remote work, with incentives for businesses. These policies aim to improve work-life balance and align with international standards.

South Korea anticipates a summer cabbage shortage, potentially mirroring last year’s “golden cabbage crisis.” Production is expected to drop significantly due to crop damage, pests, and unfavorable weather, predicting a 24.5% decrease from average. The government is taking proactive measures, including record cabbage reserves and increased seedling supplies, to counter price increases and supply chain issues, particularly during the peak period of July-October. The cost of a single cabbage could significantly impact household budgets.