SEOUL, Nov. 8 (Korea Bizwire) – According to a new study released on November 7 by the Korea CXO Research Institute, employees at Korea’s top 100 companies face steep odds in reaching executive positions, with chances falling below 1%. The study, which examined promotion possibilities at the country’s 100 largest listed companies by revenue, revealed that [...]
SEOUL, Sept. 4 (Korea Bizwire) – A hospital in Seoul’s Seocho district has captured public attention with its unconventional employee benefits, including vacation time and celebratory payments for divorced staff members. The unique workplace policies of this hair transplant clinic were featured on MBC’s reality show “The Manager” on August 31, offering a glimpse into a [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Co. has bestowed various gifts upon an employee who has eight children, marking the inaugural initiative of the low fertility and childrearing support task force established by the automaker’s labor and management. The representatives from Hyundai’s labor and management on Wednesday visited the company’s Jeonju plant in [...]
SEOUL, May 30 (Korea Bizwire) — Unlike in the past, when South Korea’s major companies used to organize group events like sports competitions and hiking trips to boost employee morale and foster unity, they now promote a range of unique events to enhance employee satisfaction. Shipbuilding group HD Hyundai Co. hosted a fashion show last [...]
SEOUL, May 24 (Korea Bizwire) – LG Display Co., a major South Korean display maker, has announced its intention to establish an independent task force to develop countermeasures and address the situation following the recent death of one of its employees. Jeong Ho-young, president and CEO of LG Display, on Tuesday sent an email to [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korean video game giant NCSOFT Corp., stricken with criticism over newly released game and a plunging share price, is yet again facing a sexual harassment case. An anonymous whistleblower at the company posted on Blind, an anonymous community of employed workers, that “certain individuals notorious for committing sexual [...]
POHANG, March 18 (Korea Bizwire) — A POSCO employee diagnosed with lung cancer has been recognized as a victim of an industrial disaster, labor authorities said Wednesday, for the first time at the company. The state-run Korea Workers’ Compensation & Welfare Service sent a notification last Tuesday officially recognizing the employee who worked in the [...]
SEOUL, Dec. 16 (Korea Bizwire) – Despite the somber statistic that only 38 percent of startups survive for more than three years, starting one’s own company is still a dream for many Koreans. So what do these companies seek when hiring employees to share their vision with? In a recent government study, 77.7 percent of [...]
SEOUL, Oct .18 (Korea Bizwire) – What entry-level workers fear the most is that their senior colleagues look for them but aren’t able to reach them by phone. Job Korea, a recruiting agency, surveyed 1,425 office workers including 325 entry-level workers, announcing the findings on October 17. What entry-level workers feared the most was being [...]
SEOUL, June 1 (Korea Bizwire) – The number of public firms introducing the government-proposed wage system based on workers’ performance is growing at a faster rate than hoped for, despite growing labor opposition that might lead to legal battles. As of Tuesday, about 70 state-run firms and public organizations out of the total 120 that [...]