Korea Citibank Grants 4 Weeks Paid Paternity Leave... First Domestic Company to Do So

Jinhoe Park, President of Citibank Korea

[Asia Economy Reporter Kim Min-young] Korea Citibank announced on the 28th that it will be the first domestic company to grant 4 weeks of paid paternity leave.

Some large corporations provide 20 days of paid leave when employees have a third child or give birth to twins, but Korea Citibank is the first to grant 4 weeks of paternity leave regardless of the number of children.

Paternity leave is a leave that all male employees can use when their spouse gives birth, designed to protect the health of the female employee who gave birth and the fetus, and to expand male participation in childbirth and childcare.

According to the current "Act on Equal Employment and Support for Work-Family Balance," companies are required to grant 10 days of paid leave when an employee requests leave due to a spouse's childbirth.

This expansion of paid paternity leave is being implemented company-wide by the global Citigroup and will be applied sequentially to Citibank and all its affiliates.

Korea Citibank operates a Women's Committee and Diversity Committee and implements various programs for gender equality and work-family balance. Additionally, with a female executive ratio of 43% (6 out of 14), it maintains the highest level among domestic large corporations, making it a model case for gender equality.

This content was produced with the assistance of AI translation services.