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Archive by category Labour Issues

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]

Seoul Hospital’s Unconventional Employee Benefits, Including ‘Divorce Celebration,’ Spark Online Buzz

Seoul Hospital’s Unconventional Employee Benefits, Including ‘Divorce Celebration,’ Spark Online Buzz

SEOUL, Sept. 4 (Korea Bizwire) – A hospital in Seoul’s Seocho district has captured public attention with its unconventional employee benefits, including vacation time and celebratory payments for divorced staff members.  The unique workplace policies of this hair transplant clinic were featured on MBC’s reality show “The Manager” on August 31, offering a glimpse into a [...]

South Korean Nursing Law Passes, Sparking Mixed Reactions

South Korean Nursing Law Passes, Sparking Mixed Reactions

SEOUL, Sept. 3 (Korea Bizwire) — In a move that has been hailed as historic by some and met with apprehension by others, South Korea’s National Assembly passed a new nursing law on August 28, ending a 19-year wait for legislation specifically governing the nursing profession. The law, which is set to take effect within nine [...]

South Korean Medical Professors Warn of Healthcare Collapse Amid Ongoing Dispute

South Korean Medical Professors Warn of Healthcare Collapse Amid Ongoing Dispute

SEOUL, Sept. 3 (Korea Bizwire) — In a stark contradiction to government assurances, a coalition of medical school professors in South Korea has painted a grim picture of the nation’s healthcare system, claiming that many emergency rooms are already unable to provide normal care. The group asserts that punishing those responsible for the healthcare breakdown and [...]

South Korean Workers Turn to Side Gigs as Cost of Living Soars

South Korean Workers Turn to Side Gigs as Cost of Living Soars

SEOUL, Sept. 2 (Korea Bizwire) — A recent survey has revealed that approximately 80% of South Korean workers are either currently engaged in side jobs or considering taking on additional work, highlighting the economic pressures faced by many in the country’s workforce.  The survey results, released by the job search app Albamon on August 29, polled [...]

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]

Health Minister Seeks to Soothe Concerns over Hospital Emergency Rooms

Health Minister Seeks to Soothe Concerns over Hospital Emergency Rooms

SEOUL, Sept. 2 (Korea Bizwire) — Health Minister Cho Kyoo-hong on Monday tried to soothe concerns about hospital emergency rooms, as some doctors have warned of a potential disruption of emergency care due to a prolonged walkout by trainee doctors. “Although there are some difficulties, we believe that emergency rooms are capable of maintaining operations,” [...]

Korean Emergency Physicians Eye Foreign Posts Amid Healthcare Crisis

Korean Emergency Physicians Eye Foreign Posts Amid Healthcare Crisis

SEOUL, Sept. 2 (Korea Bizwire) — With a protracted dispute between the medical community and the government continuing to strain South Korea’s healthcare system, emergency physicians are increasingly looking abroad for better working conditions and professional opportunities.  At a recent academic conference held by the Korean Emergency Physicians Association (KEPA) in Seoul, sessions on practicing medicine [...]

Resident Physician Resignation Rates Soar to 73% in South Korea Amid Healthcare Dispute

Resident Physician Resignation Rates Soar to 73% in South Korea Amid Healthcare Dispute

SEOUL, Aug. 30 (Korea Bizwire) – The resignation rate among resident physicians in South Korea has surged to 73% in just over a month, according to recent data from the Ministry of Health and Welfare. This dramatic increase highlights the escalating tension in the country’s healthcare sector, with certain specialties experiencing even higher rates of attrition.  [...]