SEJONG, Oct. 15 (Korea Bizwire) – As South Korea grapples with one of the world’s lowest birth rates, a new study suggests that rising income inequality may be a significant contributing factor, prompting calls for integrated redistribution and birth support policies. The research, presented at a recent fiscal policy forum by Lee Jong Ha, a professor [...]
GIMCHEON, South Korea, Oct. 14 (Korea Bizwire) – A district court has ordered a manufacturing firm to pay some 10.5 million won (US$7,740) in severance pay to an illegal migrant worker, citing photos and other evidence showing the employment. The company had the worker from Indonesia work without a formal contract between November 2019 and [...]
SEOUL, Oct. 10 (Korea Bizwire) – Seven months after the South Korean government launched a pilot program to clarify nurses’ responsibilities, about 30% of nurses still report feeling anxious due to ambiguous job scopes, according to a recent survey. Representative Kang Sun-woo of the Democratic Party of Korea revealed these findings on October 9, based on [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korea’s job market presented a mixed picture in the first half of 2024, with significant job losses in construction and retail sectors contrasting with growth in social welfare and software development, according to a report released by Statistics Korea on October 8. The “Regional Employment Survey: Industrial and Occupational Characteristics [...]
SEJONG, Oct. 8 (Korea Bizwire) – A recent analysis of tax data has revealed significant income disparities within South Korea’s professional sectors, with lawyers and accountants showing particularly pronounced inequality. According to a report released on October 7 by Park Sung-hoon, a lawmaker from the People Power Party, the top 10% of earners in these professions accounted [...]
SEOUL, Oct. 6 (Korea Bizwire) – The Seoul city government said Sunday it has revised its pilot program for providing Filipina domestic workers to households, following about a month of the program’s implementation. The revisions, made during meetings between the labor ministry and other relevant parties, will take effect this month to address issues that arose [...]
SEOUL, Oct. 5 (Korea Bizwire) – An employee at Muan International Airport has successfully had their mental health issues recognized as a work-related injury, the Korea Workers’ Compensation and Welfare Service announced on October 4. The employee, identified only as “A” for privacy reasons, worked in airport security and suffered from panic disorder and severe depression [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study. The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) – Public medical institutions in South Korea are grappling with an increasingly severe shortage of doctors, a chronic issue that has pushed salaries to unprecedented levels. In a striking example last year, a public medical center in South Jeolla Province hired an orthopedic surgeon for an annual salary of 620 million [...]
SEOUL, Oct. 4 (Korea Bizwire) — Second Vice Health Minister Park Min-soo said Friday that the government would have a “more open attitude” as he renewed calls for doctors to join talks to resolve a prolonged walkout by trainee doctors against the government’s medical reform. For about seven months, thousands of junior doctors have walked [...]