People need to get vaccinated to fight COVID-19, and since most of the citizens in S. Korea are working, it was reported that the Korean Financial Industry Union and the Finance Industry User Council have agreed to grant paid leaves for them.
This means that workers will get to enjoy days off within their vaccination schedule. Plus, they do not have to worry about missing work because they will still get their salary despite the absences.
The paid leave details for vaccination
As per The Korea Herald, under the agreement, workers in S. Korea who will receive their COVID-19 vaccine are entitled to a paid leave of up to three days. This information was revealed on Sunday by the union and council officials.
It was added that the agreement will take effect on Monday, June 7. Then again, for the workers of 22 financial institutions that are duly registered with the Korea Federation of Banks, they will only get a maximum of two days off, which include the day of the vaccination and the next day, so they can rest a bit.
However, in case some workers experience adverse effects after the COVID-19 jab, they can take a longer day off even without a doctor’s note. It was mentioned that at the moment, only major banks have set up their own leave schemes for the vaccination of their workforce. These financial institutions include Hana, Shinhan, KB Kookmin, Woori and NH NongHyup, and the internet-based KakaoBank.
COVID-19 cases in S. Korea dips
Meanwhile, the S. Korean government is targeting the vaccination of at least 13 million people by the end of this month so that a herd community could be created by November. It is also good news that the number of cases in the country is going down again. Yonhap News Agency reported that it has fallen to 500s as the government speeds up vaccination of the citizens.
The rollout of vaccines in the country has also picked up the pace, thus more and more Koreans are getting their vaccines to be protected from the highly contagious coronavirus. Finally, S. Korea is planning to inoculate 36 million individuals by September and eventually reached the herd community status two months after that.


Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow
Gold Price Holds Steady as Fed Rate Outlook and Jobs Data Keep Markets on Edge
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data
Asian Stocks Rally as AI Optimism Lifts Tech Shares Across Regional Markets
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan
Toyota Raises FY2027 Outlook, Announces ¥1 Trillion Buyback Despite Q1 Profit Dip
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 



