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AM Lecture 5

Management > Asian Management > Chaebol > Lee's management challenges > Lee explained > Corporate behaviour > Effects of law reforms > Reality > Social Pact

 

Social Pact 1998

The Social Pact of 1998 was made as a result of the employment problems, which had the following elements:

  • Employment stabilisation and unemployment policy
  • Improvements on the employment insurance system and expansion of its coverage support for unemployed workers
  • Enlargement of job placement service
  • Job creation
  • Extension and consolidation of the social security system
  • Integration of health insurance system and expansion of its coverage
  • Enactment of the Worker's Wage Claims Act
  • Wage stabilisation and the promotion of labour-management co-operation
  • Securing the effectiveness of collective agreements
  • Enhancement of basic labour rights
  • Legalisation of teachers' unions
  • Trade unions' right to political activities
  • Establishment of works council for government officials from January 1999
  • Recognition of unemployed workers' rights to join trade unions organised beyond enterprise level
  • Enhancement of labour market flexibility
  • Introduction of a worker dispatch scheme
  • Deregulation of dismissals for managerial reasons

 

Korean HRM abroad

Corporate culture

Post 1997

 

 Copyright Heledd Straker 2006

Go placidly amid the noise and haste