These days, IMF is a very popular term amongst the Koreans. Most people have felt the impact of the IMF era. Lately the topic of the IMF cannot be avoided due to the economic crisis which is felt in every circumstance. Surely those most victimized are workers and their families. An atmosphere affected by sudden unemployment and unjust firing causes an overflow of exploited laborer unjustified laborer.
Workers live in a fear of losing their job.
The individuals who have lost their jobs must worry about how they will support their families. Daily newspapers tell stories of people who cannot afford their past lifestyles so they prefer to leave their homes, suicide, abandoning to their children, and other unfortunate solutions. In this present economic crisis, which has called for monetary relief, has made the situation of women workers have worsened and become even more terrifying. The 'Working Women' is going to study on the situation for women workers and their employment conditions. The onset of the IMF era and the subsequent sufferings of workers After the IMF decided to help to Korea, Korea was forced to reconsider the economy on a large scale and launched new policies such as retrenchment policy, the open door policy, big enterprises reformed their structure and market competition was strengthened and made more flexible.