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Koreans take No. 2 for working hours
Joong-Ang Ilbo ^ | 10/28/2013 | Song Su-hyun

Posted on 10/28/2013 3:31:05 AM PDT by TexGrill

Korea may be a highly advanced country in manufacturing, but in the labor and social sectors, it still resembles a developing nation, a government report said yesterday.

The Korea International Trade Association (KITA) announced the fourth-largest Asian economy ranked second among 150 countries in terms of per capita working hours in 2012, according to statistics complied by the Organization for Economic Cooperation and Development. Mexicans were the only people to work more.

Koreans work 2,090 hours a year on average, compared with Mexico’s 2,226 hours.

The United States came in 12th with 1,790 hours, data showed. Japan was 15th with 1,725 hours.

But the growth rate for labor compensation per hour was 9.8 percent in Korea in 2011, the highest among all countries, the data noted. Growth in wages in the United States was only 2.2 percent.

The OECD compared 150 countries, including countries that are not members of the organization.

(Excerpt) Read more at koreajoongangdaily.joins.com ...


TOPICS: Business/Economy; Chit/Chat; Society; Travel
KEYWORDS: southkoreaeconomy
Global business tip
1 posted on 10/28/2013 3:31:05 AM PDT by TexGrill
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To: TexGrill

The title is misleading. I thought the Koreans were taking bathroom breaks during working hours.


2 posted on 10/28/2013 4:44:05 AM PDT by BuffaloJack (Gun Control is the Key to totalitarianism and genocide.)
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To: TexGrill
Dang! I work 2700 hr a year on average. Considering I get an additional week vacation after 2000 hrs. Geez. I have no life.
3 posted on 10/28/2013 5:04:15 AM PDT by swisher
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To: swisher

You have no life?

Do you like what you do...no, make that instead: do you love what you do and call it work? If so, then it isn’t work, Swisher. It is your life.


4 posted on 10/28/2013 6:57:26 AM PDT by SatinDoll (NATURAL BORN CITIZEN: BORN IN THE USA OF USA CITIZEN PARENTS)
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To: swisher

“Considering I get an additional week vacation after 2000 hrs. Geez. I have no life. “

That IS life !

.


5 posted on 10/28/2013 7:11:21 AM PDT by Mears (Liberalism is the art of being easily offended.)
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