SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s major securities firms plan to hire more workers in the second half of this year, market watchers said Tuesday.
Though official job announcements have yet to be made, the country’s top 10 brokerages plan to add more than 500 new workers in total in the coming months.
Combined with their recruitment so far this year, the companies are to employ 750 more workers in 2018, which is around 40 percent more than the tally for last year.
Of those major firms, Mirae Asset Daewoo Co. plans to take on 150 employee in the second half — the same number it hired earlier in the year. It marks a 45.6 percent increase on-year and is the largest figure by a local brokerage firm in 2018.
Following the hiring of 80 people in the first half, Korea Investment & Securities said it will soon make an announcement on recruiting 100 more, up 28.6 percent from last year’s intake of 140 workers.
As part of efforts to attract talented people in a fairer manner, companies have come up with a variety of fresh plans.
Some corporate executives will take part in their recruitment briefing sessions to meet applicants and to promote their firms, according to the officials.
In the wake of a series of hiring irregularities in the banking sector, many brokerages have also moved to adopt “blind recruitment,” in which officials have no basic information on applicants prior to their interviews.
Such recruitment plans draw attention as the country is struggling with a sluggish job market and dismal youth employment.
In July, the overall unemployment rate stood at 3.7 percent, up 0.3 percentage point from a year earlier. For those aged between 25 and 39, the number of people without jobs hit a 19-year high in July, according to government data.