SEOUL, Jul. 24 (Korea Bizwire) — A debate on extending the retirement age is emerging as a major social issue, but even the current 60-year-old age-limit system is not being put to use by most companies. According to a survey of 382 companies conducted by job matching platform, Saramin, only 39.5 percent said they were [...]
SEOUL, Apr. 22 (Korea Bizwire) — A recent study has revealed that employees of large-sized companies in South Korea make three times as much as workers at small companies with fewer than four staff members, and that the income gap has widened over the last five years. In contrast, Japan has been making efforts to [...]
SEOUL, Mar. 18 (Korea Bizwire) — Employees with fewer than 15 hours of work hours per week increased in number last year, while they shrank in size in the wholesale/retail and food/lodging industries. The results overturn prior expectations that the higher minimum wage has forced employers in the wholesale/retail and food/lodging industries to hire workers [...]
SEOUL, Dec. 28 (Korea Bizwire) — As of 2017, 762,000 South Koreans worked for venture businesses, which was more than the 750,600 employees working for Samsung and the four other largest conglomerates in South Korea. The Ministry of SMEs and Startups and the Korea Venture Business Association revealed that the average number of employees at [...]
SEOUL, Nov. 1 (Korea Bizwire) — A market research firm said Thursday that there is less than a 1 percent chance that ordinary South Korean employees could climb the corporate ladder and reach senior management positions. South Korea’s top 100 companies by sales have 6,843 executives out of 852,136 employees this year, the Korea CXO [...]
SEOUL, Oct. 11 (Korea Bizwire) — A new survey has revealed that Korean workers think that the modus operandi at work is generally inefficient, and most feel that both an old-fashioned leadership style requiring commands of superiors to be followed and a lack of communication are behind the inefficiency. According to a survey conducted by [...]
SEOUL, Dec. 21 (Korea Bizwire) – “Salary Log Out” was selected as the top newly-coined term of 2016, best reflecting the lifestyle of South Korean office workers. The term refers to one’s monthly salary that seemingly vanishes the moment it is deposited, the result of overdue payments like credit card bills and taxes. According to [...]
SEOUL, June 14 (Korea Bizwire) – The ratio of female workers in South Korea’s 600 largest companies by revenue has been on the rise in recent years, data showed Tuesday, as South Korea is pushing to bring more women into the nation’s workforce. The number of female employees at the 600 firms stood at 235,171 [...]