SEOUL, Jan. 22 (Korea Bizwire) — Coupang, one of South Korea’s largest e-commerce companies, has admitted to maintaining an employment blacklist affecting over 16,000 individuals, following revelations by MBC in February 2024. This marks the first time the company has publicly acknowledged the controversial list, which allegedly barred reemployment of workers and even included journalists critical [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Korea Corporate Governance Forum (KCGF) lauded Samsung Electronics for its decision to award executive performance bonuses in company stock, calling it “a significant step toward an advanced compensation model.” In a statement issued on January 20 by Chairman Lee Nam-woo, the forum noted that this marks an important [...]
SEOUL, Jan. 21 (Korea Bizwire) — Industrial accident claims from delivery service workplaces increased dramatically last year, reaching approximately 1,500 cases – nearly five times the number reported in 2020, according to new government data. The figures, released on January 20 by the Korea Workers’ Compensation & Welfare Service and analyzed by Rep. Kim Wi-sang of [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s labor market in 2024 showed strong overall employment figures, but significant challenges persist for youth employment and gender-based labor disparities, according to the Ministry of Employment and Labor. At a briefing on January 16, 2025, the Ministry reviewed detailed employment trends from the Statistics Korea report on [...]
SEOUL, Jan. 15, 2025 — South Korea’s Ministry of Employment and Labor has ruled that Coupang delivery drivers, known as Quick Flexers, are not classified as employees under the Labor Standards Act, effectively ending allegations of illegal subcontracting against the e-commerce giant. The decision follows an investigation prompted by the death of delivery driver Jeong [...]
SEOUL, Jan. 14 (Korea Bizwire) — KB Kookmin Bank’s labor union has filed for dispute mediation with the National Labor Relations Commission, demanding a performance bonus equivalent to 300% of base salary and an additional 10 million won in special incentives. If mediation fails, this could lead to the bank’s first general strike since 2019. [...]
SEOUL, Jan. 7 (Korea Bizwire) — Individuals with serious criminal records will face employment restrictions in online delivery services, such as Baemin and Coupang Eats, as well as in taxi services for disabled people, the transport ministry said Tuesday. Under the revised enforcement ordinances of transportation and services acts approved by the Cabinet, those with [...]
SEOUL, Jan. 6 (Korea Bizwire) — While fewer South Korean game developers are experiencing “crunch” periods—intense stretches of overtime before major releases or updates—the maximum weekly working hours during these periods have risen, according to a new report by the Korea Creative Content Agency. The 2024 Game Industry Labor Environment Survey, published on January 3, revealed [...]
SEOUL, Jan. 6 (Korea Bizwire) — A new study has found that higher income levels are strongly associated with longer, healthier lives in South Korea, with the gap in healthy life expectancy between the richest and poorest nearing nine years. The research, conducted by a team led by Professor Yoon Seok-jun of Korea University’s College [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korea’s employment and labor indicators for women have remained low among members of the Organization for Economic Cooperation and Development (OECD) over the past two decades due partly to the lack of adequate government support and sufficient jobs, a report showed Monday. According to the analysis report by the [...]