SEOUL, Oct. 11 (Korea Bizwire) – The labor union of Kia Corp., South Korea’s second-largest automaker, said Wednesday it will resume wage talks with the company this week, while shelving a plan to hold partial strikes. Earlier in the day, the union announced a plan to stage an eight-hour walkout Thursday and Friday, citing stalled [...]
SEOUL, Oct. 8 (Korea Bizwire) – The number of employees at banks and insurance companies dipped by nearly 10,000, data showed Sunday. Bank jobs totaled at 116,582 as of June, down from 122,531 from the end of 2018, according to the Financial Supervisory Service statistics released by Rep. Yun Chang-hyun of the ruling People Power [...]
SEOUL, Oct. 7 (Korea Bizwire) –The Ppuri industry, which is crucial for the Korean manufacturing sector, is expected to rely more on foreign workers. This industry encompasses various manufacturing processes like casting, mold making, plastic processing, welding, surface treatment, and heat treatment. Recent data on the Korean labor market shows that 9.2 percent of workers [...]
SEOUL, Oct. 5 (Korea Bizwire) – Unionized public service workers are set to stage a joint strike next week, in the second collective action since the rail workers’ walkout last month. The Korean Public Service and Transport Workers’ Union (KPTU) said some 25,000 union workers of four public institutions — the National Health Insurance Service, [...]
SEOUL, Oct. 1 (Korea Bizwire) – Police have launched a probe into the suicide death of an elementary school teacher in Uijeongbu, just north of Seoul, for possible harassment by parents, nearly two years after his school reported the death merely as a fall, officials said Sunday. The Uijeongbu Police Station has recently opened a [...]
SEOUL, Sept. 19 (Korea Bizwire) – All elementary schools in Seoul will be installed with telephone recorders to record calls from parents, while a chatbot will be introduced across elementary to high schools to deal with parental complaints on behalf of teachers, the Seoul education chief said Tuesday. The plan, announced by Cho Hee-yeon, superintendent [...]
SEOUL, Sept. 16 (Korea Bizwire) — An ongoing strike by unionized rail workers entered its third day Saturday, forcing passenger trains to operate at just less than 80 percent capacity nationwide. The Korean Railway Workers’ Union began its first strike in four years Thursday, demanding improved working conditions and an expansion of the KTX bullet train [...]
SEOUL, Sept. 14 (Korea Bizwire) —A recent study has revealed that some workers, despite not experiencing depression, have contemplated ending their own lives, and this tendency is often associated with receiving inadequate compensation. In 2023, a team of researchers at the Corporate Mental Health Research Center of Kangbuk Samsung Medical Center in South Korea conducted [...]
SEOUL, Sept. 13 (Korea Bizwire) — A recent survey shows that more than half of South Korean citizens have a favorable opinion of large corporations, and their top expectation from these companies is job creation. According to a survey commissioned by the Federation of Korean Industries (FKI) and conducted by the polling firm Monos Research, among 1,005 [...]
SEOUL, Sept. 12 (Korea Bizwire) – Hyundai Motor Co. and its labor union reached a tentative wage agreement Tuesday, averting a strike for the fifth consecutive year, the company said. The deal includes a 111,000 won (US$83.55) rise in monthly basic pay, as well as a bonus and performance-based benefits. The deal is subject to [...]