Deutsche Bank gives new Korean dads 120-day parental leave

Deutsche Bank Group Korea said Thursday it will give up to 120 days of parental leave to its male employees as part of the European bank’s family-friendly corporate policy.

While most companies offer legally-fixed 90-day parental leave, Deutsche Bank used to give 120-day leave to female employees to take care of a newborn.

Under the new policy, a male employee as a primary caregiver, taking care of his child during work hours, can use the maximum 120-day parental leave. A non-primary caregiver is given 10-day parental leave.

If a female spouse working for another company returns to work after using 90-day parental leave, the male spouse working at Deutsche Bank Group Korea can apply for the remaining 30 days of parental leave as a primary caregiver.

The parental leave policy also applies to those who adopt a child aged less than 7, the company said.

By Kim Yoon-mi (yoonmi@heraldcorp.com)