The South Korean government held a meeting to discuss required institutional and legal frameworks for emerging sharing economy companies. Shared economy of space, finance, and knowledge were the main sectors debated by government representatives. The government plans to support sharing economy workers, providing that incomes less than 5 million won (USD$5 000) will be subject to simple taxation proceedings and workers will be exempted from aggregated income reporting. Also, workers will be covered for occupational health and safety insurance benefits. The government counts on including freelancers in the IT sector and workers from sharing economy businesses to receive these benefits by 2021. This change will be more inclusive of new categories of workers. The discussion comes amid threats to worker rights in sharing economy businesses across the world.
It is frequently mentioned that the Internet is changing the way in which we work. ICTs have blurred the traditional routine of work, free time, and sleep (8+8+8 hours), especially in multinational corporation working environment. It is increasingly difficult to distinguish where work starts and where it ends. These changes in working patterns may require new labour legislation, addressing such issues as working hours, the protection of labour interests, and remuneration.