Thursday, January 22, 2026
Economy & Markets
2 min read

South Korean Banks Pioneer Shorter Workweek

Semafor
January 19, 20263 days ago
South Korean banks shorten workweek

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South Korean banks are piloting a shorter workweek, closing one hour earlier on Fridays. This initiative, aiming for a nationwide 4.5-day workweek, is part of global experiments with reduced schedules. Previous studies suggest improved employee well-being without measuring overall productivity. The government hopes to expand this model.

South Korea’s biggest banks are now a test case for the government’s push to shorten the workweek. Several lenders in the country, which is considered one of the world’s most overworked, are shutting off computers one hour earlier than normal on Fridays; the government hopes to expand that into a nationwide 4.5-day workweek. It’s one of several experiments around the globe toying with the idea of lighter work schedules. A study last year involving 141 companies in the English-speaking world found a four-day week made employees happier and healthier, but it didn’t measure company-wide productivity.

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    South Korea Workweek Shortened: Banks Lead Change