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South Korea's Limit on Work Hours Could Trim Economic Growth, Goldman Says

Offices in the Gangnam district in Seoul, South Korea. 

Offices in the Gangnam district in Seoul, South Korea. 

r. Photographer: SeongJoon Cho/Bloomberg

Relief for Asia’s most overworked country doesn’t come easy.

South Korea’s new legal limit on working hours -- down to 52 hours per week from 68 -- can shave as much as 0.3 percentage point off economic growth in 2020, according to Goldman Sachs Group Inc.