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 [...]
SEOUL, Aug. 12 (Korea Bizwire) — The percentage of employees over 50 years of age on payrolls nationwide showed a wide variance ranging from 50 percent to less than 1 percent by industry, a market research firm said Wednesday. The Korea CXO Institute conducted a survey of 55 major companies with comparable employee age data, [...]
SEOUL, July 16 (Korea Bizwire) — With its exit from a loss-making mobile business scheduled to be formalized on July 31, LG Electronics Inc. recently completed the task of reassigning employees from the mobile communications (MC) business unit, a process that began in April. According to LG Group, the parent of South Korean tech powerhouse, [...]
SEOUL, July 13 (Korea Bizwire) — As the job market continues to deteriorate, both employers and employees were found to have a high level of mistrust in hiring practices, a survey showed Monday. Recruiting platform Saramin conducted a survey of 1,210 job seekers, 51.6 percent of whom had doubts about the fairness of the hiring [...]
SEOUL, June 1 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, have benefitted from the ‘pandemic boost’ and showed exponential growth over the past 12 months. Behind the scenes, however, these companies are struggling with criticism over unfair treatment of employees. Since early this year, the two companies [...]
SEOUL, May 31 (Korea Bizwire) — The number of employees at local businesses grew on-year by 2.1 percent in April on the back of an economic recovery, the labor ministry said Monday. As of the last business day of April, there were 18.6 million people employed by companies, up 379,000 from the same month last [...]
SEOUL, April 21 (Korea Bizwire) — The number of employees in the food service segment declined by the most in the May-October period of last year due to the fallout of the pandemic, data showed Wednesday. The number of people employed at restaurants and eateries reached 1.54 million in the cited period, 179,000 fewer than [...]
BUSAN, March 11 (Korea Bizwire) — The Busan metropolitan government said Wednesday the launch of a program to subsidize the cost of leasing electric vehicles (EVs) for young adults who get jobs at small and medium-sized enterprises (SMEs) located in Gangseo District and Gijang County. The program is aimed at addressing the traffic inconvenience for [...]
SEOUL, Jan. 7 (Korea Bizwire) – The South Korean central bank officially abolished its dress code at the start of the new year, a move aimed at revamping its conservative and rigid organizational culture. On Monday, the first work day of the new year, it was not hard to find Bank of Korea (BOK) employees wearing sweaters, [...]