SEOUL, Jul. 17 (Korea Bizwire) – For the first time in 18 years, private sector jobs have surpassed government positions as the most sought-after career path among South Korean youth, according to a new government report. The shift comes as young job seekers face increasingly lengthy periods of unemployment, with the average time to secure a [...]
SEOUL, July 15 (Korea Bizwire) – A Samsung Electronics Co. engineer who died from leukemia after working in the company for 14 years was recognized as a victim of a workplace accident, nearly nine years after his death, a civic group said Monday. Last week, the Supreme Court ruled in favor of the bereaved family [...]
SEOUL, Jul. 15 (Korea Bizwire) — Trainee doctors appeared to have shown little signs of returning to work as hospitals were set to complete accepting their resignations on Monday, despite the government’s proposal of an olive branch to end a prolonged walkout. Accepting resignations would help trainee doctors, who have left their worksites since late [...]
SEOUL, Jul. 15 (Korea Bizwire) – In the first half of this year, South Korea witnessed an unprecedented increase in workers over 70, highlighting the country’s rapidly aging workforce and sparking debates about extending employment for older citizens. According to data released by Statistics Korea on July 14, the number of employed individuals aged 70 and [...]
SEOUL, July 13 (Korea Bizwire) – Hyundai Motor Co.’s labor and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company’s history. The union said Saturday its members have voted to accept a tentative wage deal reached earlier in the [...]
SEOUL, July 12 (Korea Bizwire) – In an unprecedented move, the National Samsung Electronics Union (NSEU) has launched its first general strike in the company’s history, focusing its efforts on semiconductor production lines to amplify its impact. On July 11, the fourth day of the strike, approximately 350 union members gathered in front of the 8-inch [...]
SEOUL, Jul. 12 (Korea Bizwire) – The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level. The rate reached during the 11th plenary meeting of the Minimum Wage Commission marks an increase of 170 won, [...]
SEOUL, Jul. 12 (Korea Bizwire) — Senior doctors at three major hospitals affiliated with Korea University were set to begin reducing treatment of non-critical patients Friday, joining walkouts by two other major hospitals in support of striking junior doctors. The planned walkout by Korea University’s three hospitals — Anam Hospital, Guro Hosptial and Ansan Hospital [...]
SEOUL, July 10 (Korea Bizwire) – Unionized workers at Samsung Electronics Co., staging the biggest labor action in the technology giant’s 55-year history, declared an “indefinite general strike” Wednesday, stepping up pressure over their demand for a pay raise. After a three-day strike scheduled to come to an end Wednesday, the National Samsung Electronics Union [...]
SEOUL, Jul. 10 (Korea Bizwire) – A recent study has revealed that teachers in South Korea face more than twice the risk of developing work-related mental illnesses compared to other civil servants, shedding light on a growing concern in the country’s education sector. The research, published in the latest issue of the international journal Occupational Medicine, [...]