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The Korean government is pushing a major shift in the national wage system, including the
replacement of single step systems at individual workplaces with pay based on duties, functions,
and performance. Seoul's labor ministry unveiled a new set
of guidelines called "Wage System Reorganization Manual" on Wednesday - and that is the topic
of our discussion - with Dr. Kim Byoung-joo, the head of KL&P Consulting and our regular
commentator on this program. Good afternoon to you, Dr. Kim.
What are the key points we find in
the government guideline?
-- [ #1 : New Wage Guideline : Key Points]
The first point ? simplifying the wage structure ? how
will that be
carried out?
-- [ #2 : Simplifying Wage Structure]
How will the
wage peak system be introduced into this?
-- [ #3 : Career-long Pay Level : Expected Changes]
The labor side is NOT happy about the guideline, we hear. What are the reasons? And, what
can be done about them?