SEOUL, Aug. 18 (Korea Bizwire) — Employees at South Korea’s internet giant Naver Corp. earned nearly 100 million won (US$72,000) each in just the first six months of the year, far outpacing the average income of their local rival Kakao Corp., data showed Monday. According to industry data and company filings, Naver employees earned an [...]
SEOUL, June 4 (Korea Bizwire) — The number of employees newly registered for the country’s four major state insurance programs fell to a record low in 2023, marking the second consecutive year of decline, data showed Wednesday. A total of 26.14 million people were registered as employees in 2023, up 0.3 percent, or 88,000 individuals, [...]
SEOUL, April 17 (Korea Bizwire) — As the government pushes to create a work-life balance environment as part of its efforts to cope with the low fertility rate and population aging, South Korea’s major companies are accelerating their efforts to support their employees’ work-life balance. Samsung Electronics Co. offers paid paternity leave of 15 days (20 days [...]
SEOUL, April 6 (Korea Bizwire) — More than half of trade secret leaks that South Korean firms have suffered over the past five years were committed by retired employees, a survey showed Wednesday. The Korean Intellectual Property Office conducted a fact-finding survey with the collaboration of 8,269 local businesses. Of the total, 76.8 percent said [...]
SEOUL, April 4 (Korea Bizwire) — About half of Korean employees work overtime on weekday nights or weekends but, among them, more than half do so without pay, a survey showed Sunday. Civic group Gapjil 119 and the Finance & Service Ubuntu Fund jointly conducted a survey of 1,000 employees. In response to a question [...]
SEOUL, March 20 (Korea Bizwire) — According to a recent survey conducted by business card management app Remember Remember and Korea Management Association Consulting, 83 percent of 1,000 Korean employees have considered changing jobs or leaving their current company. The survey, which was carried out in December last year, found that most respondents were from “MZ [...]
SEOUL, Feb. 14 (Korea Bizwire) — About 2,200 employees of South Korea’s major commercial banks have left on voluntary retirement since late last year in return for receiving huge severance pay. According to industry sources, KB Kookmin Bank, Shinhan Bank and Woori Bank reflected their voluntary retirement expenses in their fourth-quarter results. These banks provided [...]
SEOUL, Nov. 25 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, said Thursday it will offer a “non-marriage” grant, similar to the company’s existing “marriage” grant, a first among large companies in the country. According to the company, the non-marriage grant system will take effect from the beginning of next year, [...]
SEOUL, Nov. 23 (Korea Bizwire) — With the passing of a hiring freeze brought on by the onset of the COVID-19 pandemic, South Korea’s major companies have resumed open recruiting in full swing this year, with their welcome gifts for new employees drawing significant attention. CJ ENM’s commerce division prepared Apple Watch models as welcome [...]
SEJONG, Oct. 18 (Korea Bizwire) — The number of employees in the delivery industry increased on-year in the first half of 2022, data showed Tuesday, amid growing demand for such services due to the prolonged pandemic. The couriers and messengers industry hired 311,000 people in the January-June period, up 52,000 from a year earlier, according [...]