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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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