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Zenith 2016




 Special Temporary Holiday


 Positive and Negative Economic Effects
































            compared to a year ago. The export decline         answered that they would work on the
            that was about 8.2% in March is expected to        temporary holiday. The reason was the expected
            expand by more than 10% last month. The main       decline in production and sales. Especially,
            reason was lack of working days. Because of        during long holidays, if people consume abroad,
            this temporary holiday, in the last month, the     the effects of designating a temporary holiday

            total working days were 22.5 days. This is 1.5     will be reduced. The government said that the
            days fewer than that of last year. Experts say     effects on consumption were bigger but because
            that one reduced working day can cause export      of long holidays, owner-operated businesses had
            to decrease by two billion to three billion won.   negative impacts. It is a difficult problem. It is
            An exportation partaker said, “The government      important to find ways to balance pros and cons
            designated a temporary holiday suddenly, so the    of such a policy.
            days of operation were reduced. When operation

            days were reduced, exportation declined too.”      Photo References :
                                                               http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1
            Especially, when this temporary holiday was        =004&oid=016&aid=0001039500
            decided only one week prior. Because of this,      http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1
                                                               =110&oid=469&aid=0000141098
            the workers at medium and small firms and the      http://blog.naver.com/unmeone6789/220694515124
            majority of temporary employees weren't given      http://blog.naver.com/slpgangnam/220703858182
            the benefits. In fact, the Korean Federation of
            Small and Medium Business investigated 350                                  Min-young Park (2-6)
            businesses. Six out of ten small businesses                             722minyoung@naver.com







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