Korea Employers Federation (KEF) was established on July 15, 1970, to bringing industrial peace and rational business management.
The KEF has been working hard to build harmonized industrial relations and economic development amidst rising industrial disputes in 1980s, the economic crisis in 1997, and the global financial crisis in 2007.
Still, the industrial relations in Korea has a long way to go. Standing on the frontier dealing with such important issues as ordinary wage and reduction on working hours, the KEF reaffirms its determination to work harder as the representative of employers.
In this light, the KEF will strengthen its roles with a special focus on the followings :
First, the KEF will take the initiative in developing the industrial relations of co-prosperity and cooperation.
Amidst the financial crisis, protectionism, regionalization and trading blocks are widely spread with stiff competition. In order to be the winner of the competition, government and business, employers and employees all have to work together through concession, mutual understanding, and cooperation. The KEF will try to understand the both of business and labor. We will put our best effort to bring the industrial relations of win-win development while law and principle abided by at workplace.
Second, the KEF will take the lead to generate jobs.
Now, youth unemployment is the top priority that we all have to work on. In fact, it has become the biggest difficulty for national development after the financial crisis. The high wage increase and rigid employment culture that have been continued for the past 20 years resulted in this reality of growth without employment and labor-saving investment. The KEF will try to create an environment conducive to job creation through harmonized industrial relations and flexible labor market system. We will also work hard on the biggest asset, the HR. We will support HRD of companies by expanding our KEF Human Resource Development Center Service.
Third, the KEF will contribute to upgrading the current industrial relations so that they are commensurate with our national prestige.
The business and labor will work together to create an investment -friendly atmosphere not only for domestic companies but also for foreign high-tech companies. The KEF will provide full support to foreign investment firms in Korea to bring an advanced industrial relations that helps more foreign firms coming to Korea
Fourth, the KEF will exert itself to support innovations of companies for a fair society.
The KEF will do more than just speak for the business. The KEF will play its part to support business to fulfill their social responsibilities called transparent management and co-prosperity & sharing. As large companies and SMEs reinforce management for co-prosperity, the KEF will try to build a fair society that the weak is not mistreated. Hoping this year marks the first year going forward for cooperative industrial relations, the KEF would like to ask your continuous support and interest.