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South Korea's Parliament Considering Day In Lieu Public Holidays
 
(Posted on Tuesday, December 9, 2008)

Source: The Korea Times (Seoul)

Fifteen lawmakers from South Korea's governing Grand National Party (GNP) have signed up for a bill authored by Representative Yoon Sang-hyun, which would make the Monday following a Sunday public holiday also a public holiday.

Currently public holidays in South Korea are subject to a presidential order which sets guidelines, saying that South Koreans have 14 days of public holidays a year, including New Year's Day and Memorial Day.

Depending on the years, and on which day of the week these mostly fixed-date public holidays fall, South Koreans can get 13 public holidays as was the case in 2008 when only one public holiday fell on a Sunday. However, in 2009, under the current system, they will only get 10 real public holidays as more public holidays fall on a week-end.

Note that the proposed legislation would not give a day in lieu for public holidays that fall on a Saturday, even though Saturdays are officially non-working days since July 2005.

Related links:
South Korea bank holidays and public holidays (current year)
South Korea bank holidays and public holidays (news and updates)
Worldwide bank holidays and public holidays news updates (December 2008)


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