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'A Guide for Foreign Investors' published in English
July 22, 2005
"Industrial Relations and Labor Market in Korea - A Guide for Foreign Investors" has been published in English by the Ministry of Labor Affairs to introduce Korean labor to foreign investors.
Amid frequent reports of strikes and feuds between the management and labor, the publication is expected to contribute greatly to correcting the misunderstanding of foreign investors on the labor situation. One of the big obstacles to attracting foreign investors is known to be the instability in the labor market.
The guide is divided into two parts: general questions and new system. A total of selected 35 frequent questions and answers asked by foreign investors and press.
The ministry plans to publish 2,000 copies of the guide and distribute to foreign firms, foreign-invested companies, foreign missions in South Korea and the nation's missions abroad.