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영어

In 2008, the korean economy has suffered a great crisis in terms of scale, duration and its effect. In order to overcome this crisis, the representatives from management, labor, government and citizens came together and reached an social agreement in February 23, 2009.
The main contents of the social agreement are that the management renders the employment stabilization while the labor endures the wage reducement. Several statistics show that this social agreement brings about the positive effect on the Korean economy.
However, the financial industry could not reached a same kind of agreement, because the labor and the management distrusted each other.
The labor insisted on that the government should not unlawfully interfered with the collective bargaining between labor and management and that the management should not insist on unilateral sacrifice of labor through wage reducement. The management argues that the financial industry labor has received too much higher wage compared with other industry labor and that this justifies wage reducement.
In this context, main issues of thesis are concentrated on two respects.
First, from the economic point of view, can the labor wage reducement in the financial industry be justified to overcome the Korean economy? This part will analyze the balance of economic efforts between wage reducement and employment stabilization.
Second, from the legal point of view, the legality of wage reducement will be examined whether or not the interference of government on the collective bargaining in the financial industry can be justified under the Korean Constitution.
In addition, the wage reducement, whether or not under the Korean labor law can be legalized under the unilateral change on "working rules" by the management, will be examined.