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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
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