Samsung Group, a well-known South Korean technology conglomerate, recently introduced a six-day work week for its executives across all divisions in response to economic challenges and disappointing financial results.

Addressing economic challenges:

Samsung Group has opted to implement a six-day work week for its executives in response to obstacles posed by rising oil prices, high borrowing costs and a sharp depreciation of the South Korean won. The move is aimed at instilling a sense of urgency in executives to overcome the company’s current challenges, the Korea Economic Daily reported.

Details of new work arrangements:

Under the new schedule, Samsung Electronics executives will now have the flexibility to work on Saturdays or Sundays in addition to their regular working hours each week. However, employees below the executive level will continue to have the traditional five-day workweek structure.

Industry reaction and comparison:

Samsung’s decision to adopt a six-day work week is not unique in South Korea’s corporate world. SK Group, which includes Samsung rival SK Hynix, has announced similar measures, such as rescheduling a regular Saturday meeting for its chief executive.

Korean work culture:

South Korea is known for its demanding work culture, with employees working an average of 1,901 hours in 2022. Although the introduction of a 69-hour work week was considered in 2023, it was resisted by young workers and unions, which eventually led to abandonment.

As Samsung Group takes proactive steps to cope with economic challenges, executives’ six-day work week underscores the company’s commitment to weathering turbulent times. As Samsung’s shipments recover in the global smartphone market, the group remains steadfast in its efforts to maintain a competitive advantage amid economic uncertainty.