SEOUL, Dec. 21 (Korea Bizwire) — Employee theft is becoming a major issue at e-commerce giant Coupang Inc. A former Coupang employee surnamed Jang was sentenced to three years and 10 months in prison on charges of theft and fraud, and is preparing an appeal, legal sources said Monday. Jang was accused of stealing goods [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korean internet-only banks are pulling out all the stops to attract new employees with competition intensifying in the industry. Toss Bank held a shareholder’s meeting on Thursday and decided to offer 600,000 shares in stock options to 30 management employees. The price of the stock options stands at [...]
SEOUL, Oct. 19 (Korea Bizwire) — Facing protests for a better working environment, Starbucks Coffee Korea plans to hire a significant number of new employees and raise wages for managers and staff. The local unit of the U.S. coffee giant announced that it will recruit 1,600 new employees nationwide starting on Friday in addition to [...]
SEOUL, Oct. 19 (Korea Bizwire) — The number of employees in the food service segment rebounded in April from a year earlier as the job market recovered amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.6 million in April, 65,000 more than the previous year, according [...]
SEOUL, Oct. 14 (Korea Bizwire) — E-commerce giant Coupang Inc. is facing accusations that it has been manipulating the working hours of employees. Rep. Yun Jun-byeong of the ruling Democratic Party claimed during government inspections of the Ministry of Employment and Labor and its sub-agencies on Tuesday that Coupang was using an application called ‘Coupunch’ [...]
SEOUL, Oct. 8 (Korea Bizwire) — Starbucks Coffee Korea is facing demands from its employees to improve working conditions, as they staged a demonstration Thursday in protest of excessive workload stemming from the company’s marketing events. The Korean unit of the global coffee chain’s yearly sales jumped from 773.9 billion won (US$647 million) in 2015 to [...]
SEOUL, Oct. 5 (Korea Bizwire) — Starbucks Korea employees are considering staging a protest over their excessive workload. Industry sources said that several Starbucks employees are communicating via Blind, an anonymous chat app for employed workers and staff, to stage a protest in trucks to demand a better working environment. Starbucks Korea does not have [...]
NEW YORK, Oct. 4 (Korea Bizwire) — The stress of the COVID-19 pandemic — from working from home to caregiving challenges — has triggered widespread feelings of burnout among employees, leading to retention and productivity challenges for companies. According to The Mind at Work study by Potential Project, resiliency is key to changing the workplace experience and [...]
SEOUL, Sept. 15 (Korea Bizwire) — MZ generation employees are increasingly taking on important roles in the retail industry, which is highly sensitive to fast-changing trends. Hyundai Department Store Co., a major department store chain, decided to make an equity investment of 3 billion won (US$2.55 million) in local startup Nice Weather last month. This [...]
SEOUL, Aug. 27 (Korea Bizwire) — Over the past two years, the number of employees working at major travel agencies in South Korea nearly halved due to the prolonged COVID-19 pandemic. According to the electronic disclosure system of the Financial Supervisory Service, the number of employees working at the nation’s six listed travel agencies totaled [...]