NH NongHyup Bank is introducing a “4.9-day workweek” scheme.
The financial sector said on March 19 that NH NongHyup Bank will implement an early leave system every Friday starting March 27. Business hours will remain the same as before, from 9 a.m. to 4 p.m.
The 4.9-day workweek scheme was agreed in October last year in industry-wide wage talks between the Korea Financial Industry Union and the Korea Financial Industry Employers Association. It is typically run by moving the usual Friday departure time to 5 p.m. from 6 p.m. after business ends.
IBK Industrial Bank of Korea introduced the system in January, and KB Kookmin Bank also began implementing it earlier this month.
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Ji-young Lee
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