SEOUL, April 7 (Korea Bizwire) — South Korea’s largest banks posted record-breaking profits in 2024, yet their hiring of entry-level employees remained flat or declined, drawing criticism for neglecting their social responsibility to create jobs—particularly for young job seekers facing a worsening employment climate. According to data obtained by Rep. Kim Hyun-jung of the National [...]
SEOUL, April 6 (Korea Bizwire) — National certification exams in forest and plant protection are seeing a steady rise in popularity, fueled largely by a surge in applicants in their 50s and 60s preparing for post-retirement careers. According to data released by the Human Resources Development Service of Korea (HRDK), older adults are not only driving [...]
SEOUL, April 5 (Korea Bizwire) — The impeachment and removal of former President Yoon Suk-yeol on Friday has thrown the South Korean government’s labor reform agenda into disarray, raising uncertainty over the future of key workplace policies just as the country enters a snap presidential election cycle. While the ruling party had continued to push [...]
ANDONG•YEONGYANG, South Korea, April 2 (Korea Bizwire) — As South Korea continues to assess the devastation caused by last month’s historic wildfires across five counties in North Gyeongsang Province—Uiseong, Andong, Yeongyang, Cheongsong, and Yeongdeok—stories of overlooked victims are beginning to emerge, particularly among the region’s foreign residents. According to the Ministry of Justice, more than 6,000 foreign nationals, [...]
SEOUL, April 1 (Korea Bizwire) — A recent South Korean Supreme Court ruling requiring companies to include conditional regular bonuses in base wages is placing significant financial pressure on employers, particularly smaller firms, according to a new survey released Sunday by the Korea Chamber of Commerce and Industry (KCCI). The emergency survey, conducted 100 days after [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s largest companies are increasingly moving beyond traditional job postings, adopting more proactive hiring strategies such as headhunting and direct sourcing to secure talent, according to new government data. The findings, released Sunday by the Ministry of Employment and Labor and the Korea Employment Information Service, come from the [...]
SEOUL, April 1 (Korea Bizwire) — More than half of South Korea’s social welfare workers say they have experienced workplace bullying in the past year, according to a new survey released ahead of Social Workers’ Day (March 30)—raising alarm about deteriorating conditions in one of the country’s most vital care sectors. The civic group Gabjil 119, [...]
SEOUL, April 1(Korea Bizwire) — The number of executives at South Korea’s top 30 conglomerates declined last year amid an economic slowdown, while that of employees increased, a market tracker said Tuesday. According to an analysis of 2024 business results released by 235 affiliates of the 30 conglomerates, the number of executives at the 235 [...]
SEOUL, March 31 (Korea Bizwire) — The government-imposed deadline for all medical students nationwide to return to classes from mass yearlong leaves of absence is set to expire on Monday, as almost all students at major medical schools have already decided to resume their studies. The March 31 deadline was set by the government early [...]
SEOUL, March 31 (Korea Bizwire) — Hyundai Motor Co. said Monday it will open a global recruitment program this week to secure top-tier overseas talent across various fields of engineering. The company plans to open the program for hiring overseas engineering Ph.D. holders, as well as an internship program for foreign university students studying in [...]