SEOUL, Jan. 20 (Korea Bizwire) — A growing share of young South Koreans are stepping away from the labor market altogether, a shift that economists say reflects deeper structural strains in an economy struggling to adapt to technological change and slowing growth. According to a report released Tuesday by the Bank of Korea, the proportion of [...]
SEOUL, Jan. 20 (Korea Bizwire) — Older South Koreans participating in government-sponsored job programs earned an average of about 405,000 won ($300) a month last year, with most saying the primary reason for working was to cover basic living expenses, according to a nationwide survey released Monday. The study, published by the Korea Labor Force Development [...]
SEOUL, Jan. 19 (Korea Bizwire) – Longer job searches and soaring housing costs are placing mounting strain on young South Koreans, deepening concerns that structural weaknesses in the economy could weigh on the country’s long-term growth, the central bank said on Monday. In a report examining the economic conditions of young adults, the Bank of [...]
SEOUL, Dec. 12 (Korea Bizwire) — As demographic decline accelerates across South Korea, a new national survey suggests that a lack of appealing jobs is the single most important reason people are leaving regional areas — and choosing not to raise children there. The Korea Institute for Health and Social Affairs (KIHASA) released the findings Thursday [...]
SEOUL, Dec. 9 (Korea Bizwire) — Six out of ten South Korean college seniors and recent graduates who are searching for jobs say they are doing so only passively, with little expectation of being hired, according to a nationwide survey released Monday by the Korea Employers Federation. The survey, conducted between October and November among 2,492 [...]
SEOUL, Nov. 27 (Korea Bizwire) — What once felt like the plot of a workplace drama is increasingly echoing real life for many middle-aged South Koreans. In the popular series The Dream Life of Mr.Kim (the story of manager Kim working at a large company in Seoul), a seemingly secure executive finds himself abruptly sidelined and [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean brokerage houses are expanding their workforces for the first time in three years, buoyed by a roaring stock market and renewed momentum in investment banking and digital services. As of the end of September, the nation’s 60 securities firms employed 39,238 people, up 398, or about 1 percent, [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean high school graduates who fail to secure employment within three months of finishing school face dramatically lower chances of landing stable, well-paying jobs, according to new research released Thursday. The study, conducted by the Korea Educational Development Institute (KEDI), analyzed 792 high school graduates who did not pursue [...]