NewzThe South Korean Ministry of Employment and Labor issued new administrative guidelines on Thursday, September 3, stipulating that demands for profit-linked bonuses are no longer subject to mandatory collective bargaining. Under these updated rules, employers are not legally required to negotiate over bonus structures tied directly to corporate profits, marking a shift in the scope of labor-management discussions.
The ministry stated that the guidelines aim to clarify the boundaries of mandatory bargaining topics, distinguishing between issues that directly affect working conditions and those contingent on company performance. This policy change is expected to influence how labor unions approach wage negotiations and contract disputes moving forward, as it limits the legal leverage unions can exert regarding profit-sharing agreements.
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