The Ministry of Labor and Employment (MOEL) of South Korea, often referred to as the Ministry of Employment and Labor, is a government agency responsible for labor-related policies, employment promotion, and the protection of workers' rights. It works towards creating a fair and harmonious labor market, improving working conditions, and enhancing social welfare. Established in 1973, the MOEL has its headquarters in Sejong City, South Korea.

The ministry operates under the supervision of the South Korean government and the Minister of Employment and Labor. It is currently headed by Minister Lee Jae-gap. The MOEL offers various products and services to fulfill its mission.

These include formulating labor-related policies, enforcing labor laws, promoting labor standards, and overseeing the employment insurance system. It also provides labor market information, vocational training, and job placement services to enhance employment opportunities. On a global scale, the MOEL has been actively involved in international cooperation and partnerships.

It has engaged in collaborations with international organizations such as the International Labor Organization (ILO) and participated in global labor conferences to exchange information and strategies on labor-related issues. These efforts have helped strengthen the labor market in South Korea and contribute to global labor development. As a government agency, the MOEL does not have any subsidiaries or joint ventures.

However, it collaborates closely with other ministries, agencies, and local governments to implement labor-related policies and programs. The Ministry of Labor and Employment holds a significant market position in South Korea, playing a crucial role in shaping labor policies and ensuring workers' rights. It is known for its emphasis on creating a fair and safe working environment and promoting a healthy work-life balance.

In recent years, the MOEL has implemented several notable changes and achievements. It has introduced new policies to enhance job stability, protect irregular workers' rights, and address gender income gaps. The ministry has also made efforts to promote work-life balance by reducing excessive working hours and improving the work environment for employees.

As of the latest available information, the MOEL continues to uphold its mandate in promoting labor welfare and employment opportunities. It remains committed to improving labor conditions, addressing social issues, and fostering a balanced labor market in South Korea