SEOUL, Oct. 3 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that designated drivers can be classified as workers under the country’s labor union law, potentially opening the door for collective bargaining rights based on their employment status. The ruling, handed down on September 27, marks the first time the nation’s [...]
SEOUL, Oct. 2 (Korea Bizwire) – One in five unemployed South Koreans has been out of work for more than six months, according to recent government data, marking the highest level of long-term unemployment since the aftermath of the 1997-98 Asian financial crisis. Statistics Korea reported that as of August, the number of long-term unemployed individuals [...]
SEOUL, Oct. 1 (Korea Bizwire) – A recent study by the Bank of Korea suggests that an influx of foreign workers leads to increased employment opportunities for South Korean nationals in the long run, challenging some common perceptions about immigrant labor. The report, titled “The Impact of Foreign Worker Inflow on Regional Labor Markets,” was presented [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent analysis of South Korea’s health insurance system has revealed a significant disparity affecting many self-employed individuals. According to data from the National Health Insurance Service, approximately 230,000 self-employed business owners are paying health insurance premiums based on their highest-paid employees’ salaries, even when their own incomes are lower. [...]
SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]
SEOUL, Sept. 27 (Korea Bizwire) — Industrial disasters affecting immigrant workers are on the rise, driven by incidents at small manufacturing and construction worksites, with up to 10,000 cases expected this year, a labor ministry report showed Friday. A total of 6,715 applications for the recognition of industrial disasters were filed by both registered and [...]
SEOUL, Sept. 27 (Korea Bizwire) – For the first time in its history, Samsung Electronics, the South Korean tech giant, has more employees aged 40 and above than those in their 20s, according to a recent analysis. This demographic shift underscores a rapidly aging workforce at one of the world’s leading technology companies. The Korea CXO [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea will create a new visa program to attract foreign workers specializing in high-tech industries, the government said Thursday, as the country prepares for a society with a growing foreign population. Justice Minister Park Sung-jae announced the plan as part of a new immigration policy aimed at enhancing social [...]
SEOUL, Sept. 25 (Korea Bizwire) – As the South Korean government moves to address medical shortages by allowing foreign-licensed doctors to practice, new data reveals that only 54.5% of foreign medical school graduates passed a key qualifying exam, raising concerns about the quality of care such a policy might introduce. The preliminary examination for medical licenses, [...]
SEJONG, Sept. 23 (Korea Bizwire) – A stark revelation about the economic struggles of South Korea’s self-employed population has emerged from recent tax data, showing that nearly 75% of individual business owners reported monthly incomes below 1 million won in 2022. The figures, released by the National Tax Service and analyzed by Representative Park Sung-hoon of [...]