SEOUL, March 2 (Korea Bizwire) — Six out of ten South Koreans report having suffered from violence and verbal abuse at the hands of superiors or colleagues in the workplace in the past five years. According to a study from the Korea Labor Institute conducted last August into the state of workplace harassment, 66.3 percent [...]
SEJONG, Feb. 28 (Korea Bizwire) – South Korea’s statistics authority announced on February 27 its figures on public sector employment in 2016, which revealed average job longevity to be over three times longer for public employees than for all salaried workers. Jobs at state-operated entities and government institutions combined, work positions in the public sector [...]
SEOUL, Feb. 28 (Korea Bizwire) – The record-setting sales at local duty-free shops last month were due heavily to private vendors, a likely sign of an abnormal and fleeting pickup in business, industry sources said Wednesday. The duty-free stores recorded sales of US$1.38 billion in January, up 42.4 percent from the same month a year [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s business community on Tuesday expressed concern about additional costs stemming from a looming reduction in a weekly working hours. The move came after the National Assembly’s environment and labor committee passed a bill aimed at shortening maximum statutory working hours to 52 hours a week from the [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korea posted the second lowest economic growth during the fourth quarter of last year among major advanced and emerging economies, data showed Sunday. Asia’s fourth-largest economy shrank 0.2 percent on-quarter in the October-December period to mark the first negative growth in nine years. It was the second-lowest quarter-to-quarter [...]
SEOUL, Feb. 26 (Korea Bizwire) — The income of households led by people in their 40s fell sharply in the fourth quarter of last year, government data showed Saturday, as sluggish economic growth hurt the overall job market. According to Statistics Korea, the average earned income of such households stood at little over 3.4 million [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s short-term foreign debt rose sharply last year, with its ratio to the total reaching a five year high, the finance ministry said Friday. The country’s total external debt stood at US$418.8 billion at the end of last year, up $34.7 billion from a year ago, according to [...]
SEOUL, Feb. 22 (Korea Bizwire) – A report on online advertising trends in 2017 published by the Korea Internet and Security Agency (KISA) has revealed that 89 percent of 2,000 survey participants were willing to sit through advertisements if it meant they would gain access to free content. Only 11 percent responded that they would [...]
SEOUL, Feb. 22 (Korea Bizwire) — The social costs of obesity in South Korea come to 9.15 trillion won (US$8.4 billion) a year, a new study said Thursday, in the latest wake-up call to tackle the growing health issue. The 2015 figure represents a 92 percent hike from 4.76 trillion won in 2006, according to [...]
SEOUL, Feb. 22 (Korea Bizwire) – Online job service Incruit found via an internally conducted analysis that job postings and applications for web masters and online mall masters had soared in the past five years. The number of posts searching for applicants to these positions was 505.8 percent more than in 2013. Other types of [...]