"System Reforms for SMEs"…Korea Federation of SMEs Launches Labor Workforce Committee

First Committee Meeting Held on the 21st
Discussion of Key Issues Including Working Hours System
Review of Current Minimum Wage Deliberations

The Korea Federation of SMEs announced on May 21 that it has newly established and launched the Labor Workforce Committee at its headquarters in Yeouido, Seoul, and held the '2025 First Labor Workforce Committee Meeting'.

The Labor Workforce Committee is responsible for reviewing labor issues facing SMEs, such as the working hours system, industrial safety-related regulations, and the minimum wage. It also collects various on-site opinions and makes recommendations for institutional improvements.

Korea Federation of SMEs

On this day, the Korea Federation of SMEs appointed 15 experts from various fields, including SME representatives and professionals from academia, research, and legal sectors, as members of the newly launched Labor Workforce Committee.

During the committee meeting, members discussed key issues such as the working hours system, continued employment of senior workers ahead of the presidential election, and matters related to the review of next year's minimum wage, which has recently begun. They also exchanged views on policy agendas for SMEs in the upcoming presidential election.

Lee Jaekwang, Chair of the Labor Workforce Committee, stated, "The business environment is changing rapidly, but companies are still struggling with regulations that do not fit the realities on the ground. Social discussions have not led to institutional improvements that companies can actually feel," adding, "The Labor Workforce Committee will actively communicate the opinions of both field workers and experts to ensure that institutional reforms are made to suit the needs of SMEs."

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