In South Korea (Republic of Korea), the Equal Employment Opportunity and Work Family Balance Assistance Act requires employers with 500 or more employees (or 300+ if also subject to the Monopoly Regulation and Fair-Trade Actโs disclosure requirements) to assess their workforceโs gender balance. This assessment checks if the proportion of women employees aligns with acceptable benchmarks. If an employerโs female workforce falls below the Ministry of Employment and Laborโs standards for their industry and company size, they must create and submit an โimplementation plan.โ This plan includes measures to improve gender balance and mandates pay gap reporting.