In the fast-paced world of deep tech innovation, where companies are vying for supremacy in AI, semiconductors, and quantum computing, work culture plays a crucial role. The rise of the intense ‘996’ work culture, originating in China and spreading globally, has raised concerns about work hours and workplace practices.
South Korea, known for its 52-hour workweek cap, stands between the strict limits of the U.S. and Singapore and the more flexible regulations in Europe. However, for deep tech founders and investors in South Korea, this limit has become a point of contention.
Introduced in 2018, the 52-hour workweek rule was recently extended to cover all businesses in South Korea, aiming to regulate work hours and protect employees. Despite this, the government has allowed special exemptions for extended work programs, permitting employees to work up to 64 hours a week with consent and approval.
While some argue that these regulations are sufficient, others in the tech industry express concerns about competitiveness and innovation. TechCrunch spoke with various tech stakeholders in South Korea to understand the impact of the 52-hour limit on their businesses and research endeavors as they strive to keep pace with global competitors.
Source: TechCrunch