SEJONG, Dec. 18 (Korea Bizwire) – In an unprecedented demographic shift, South Korea is expected to witness a significant influx of foreign nationals over the next five decades. According to recent analysis, up to 96,000 foreigners are projected to enter the country annually. This trend aligns with what some demographers are calling the ‘worst-case fertility scenario.’ [...]
BUSAN, Dec. 14 (Korea Bizwire) – In a recent study conducted by the National Assembly Futures Institute, Busan has been identified as the leading city among South Korea’s seven major metropolitan areas in terms of youth job satisfaction. The city of Busan announced on the December 13 that the report, published on December 4, titled ‘Life [...]
SEOUL, Dec. 13 (Korea Bizwire) — Prosecutors questioned the CEO of bakery and beverage giant SPC Group on Wednesday as part of an investigation into allegations that an affiliated firm forced bakers to quit their labor union. SPC CEO Hwang Jae-bok appeared at the Seoul Central District Prosecutors Office as a suspect over allegations that [...]
SEOUL, Dec. 12 (Korea Bizwire) – A road maintenance company has been sanctioned by the Supreme Court for compelling parents of young children to work early morning and holiday shifts and subsequently refusing to retain them when they resisted compliance. The ruling declares that the company failed to fulfill its duty of consideration under the Equal [...]
SEOUL, Dec. 11 (Korea Bizwire) – Fierce talent competition has prompted Samsung Electronics and SK Hynix to ease hiring criteria in the semiconductor industry. In response to a critical shortage of skilled labor in the semiconductor industry, both Samsung Electronics and SK Hynix have adopted a strategic approach to attract talent. Notably, SK Hynix has recently [...]
SEOUL, Dec. 7 (Korea Bizwire) – Last year, individuals in their 50s emerged as the most prevalent age group in the workforce, marking the first time this age bracket has been designated as the “most employed” since 2016, when statistics were first recorded. This shift from the previous trend, where the majority of workers were in [...]
SEOUL, Dec. 4 (Korea Bizwire) – In a recent survey conducted by the Korean Employment Information Service (KEIS), it has been revealed that over 50 percent of individuals aged 65 to 79, who have surpassed the legal retirement age of 60, express a strong desire to continue working. Surprisingly, approximately 1 in 5 of these individuals [...]
SEOUL, Dec. 1 (Korea Bizwire) – For many North Korean defectors in South Korea, arriving here in one piece is one thing, but finding a job to support themselves in the capitalist society is another mission. Lee Hye-young, 39, still remembers the first few months into her job at a company that makes filters for [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korean companies, facing chronic labor shortages, are turning to foreign workers to meet their needs. However, this move is facing strong opposition from the labor sector, which anticipates adverse effects on working conditions. On November 27, the Ministry of Employment and Labor confirmed that the Foreign Labor Policy Committee [...]
SEOUL, Nov. 27 (Korea Bizwire) – South Korea will bring in an all-time high of 165,000 non-professional migrant workers next year under the Employment Permit System to cope with growing labor shortages hitting many industries, the Ministry of Employment and Labor said Monday. The government will also expand the industries in which the foreign workers [...]