SEOUL, Feb. 21 (Korea Bizwire) — As the business landscape rapidly evolves and the MZ generation (Millennials and Gen Z) enters the workforce, South Korean companies are redefining the qualities they seek in employees, according to a new survey. A recent study by career platform Saramin, released on February 20, surveyed 231 companies and found [...]
SEOUL, Feb. 20 (Korea Bizwire) — E-commerce giant Coupang and its affiliates have reached a landmark agreement with small business owners and labor organizations, committing to improved working conditions and financial support measures. The agreement, signed on February 19, includes the abolition of a controversial policy that had been linked to overwork among delivery drivers. [...]
SEOUL, Feb. 19 (Korea Bizwire) — The government plans to tighten driving ability assessments for transport workers including bus, taxi and freight vehicle drivers that are aged 65 years or older, the transport ministry said Wednesday, a move aimed at enhancing the safety of public transportation services. The Ministry of Land, Infrastructure and Transport said [...]
SEOUL, Feb. 17 (Korea Bizwire) — Five years after the implementation of South Korea’s 52-hour workweek, three out of four corporate research divisions report declining research and development (R&D) performance, according to a new survey. The findings, released on February 16 by the Korea Chamber of Commerce and Industry (KCCI) in collaboration with the Korea Industrial [...]
SEOUL, Feb. 17 (Korea Bizwire) — A new analysis has revealed that South Korea’s large companies offer significantly higher wages and wage growth rates compared to their counterparts in Japan and the European Union. According to a report released February 16 by the Korea Enterprises Federation (KEF), the annual total wages at large Korean companies, excluding [...]
SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics has established its first domestic Employee Resource Groups (ERGs) to promote an inclusive work environment and accelerate mutual growth between employees and the company. According to the Samsung Electronics Newsroom, the company held a launch ceremony for its Device Experience (DX) division’s ERGs on February 11 at its [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea added more than 130,000 jobs in January, marking a turnaround from an on-year decline in the previous month, though job growth remained in the 100,000 range, data showed Friday. The number of employed people came to 27.88 million as of the end of last month, up 135,000 [...]
POHANG, South Korea, Feb. 13 (Korea Bizwire) — The mood outside Hyundai Steel’s Pohang Plant 2 is one of unease. Employees show up for work, but operations remain largely stalled. “We come in, but there’s no production. It’s frustrating,” a worker in his 40s, employed by Hyundai IMC, a Hyundai Steel subsidiary, said on Monday. [...]
SEOUL, Feb. 10 (Korea Bizwire) — Labor unions representing South Korea’s IT and gaming industry have firmly opposed recent discussions in the political sphere regarding exemptions to the 52-hour workweek law, arguing that such a move would exploit workers rather than drive industry growth. At a press conference in central Seoul on Wednesday, the IT Committee [...]
SEOUL, Feb. 11 (Korea Bizwire) — As hiring at major corporations and public institutions continues to shrink, more than 420,000 young South Koreans have given up on job searching, reflecting a deepening employment crisis among the nation’s youth. According to data released by Statistics Korea on February 10, the average number of employees at businesses with [...]