Employment Archives | Be Korea-savvy
S. Korea’s Jobless Rate Rises in May, Job Creation Lowest in Over 8 yrs

S. Korea’s Jobless Rate Rises in May, Job Creation Lowest in Over 8 yrs

SEJONG, Jun. 15 (Korea Bizwire) — South Korea’s jobless rate rose slightly in May due to a fall in employment in the retail, manufacturing and educational service sectors, while job creation remained sluggish, government data showed Friday. The unemployment rate stood at 4 percent last month, up 0.4 percentage point from a year earlier, marking [...]

Hike in Minimum Wage Likely to Cut Part-time Jobs Next Year: Survey

Hike in Minimum Wage Likely to Cut Part-time Jobs Next Year: Survey

SEOUL, Dec. 22 (Korea Bizwire) — Four out of every five self-employed people said the hike in the minimum wage could cut the number of part-timers next year, a survey showed Friday. The minimum wage is set to rise to 7,530 won (US$7) per hour next year, up 16.4 percent from the current 6,470 won. [...]

Bank of Korea More Pessimistic Than Before, but Still Cautiously Hopeful

Bank of Korea More Pessimistic Than Before, but Still Cautiously Hopeful

SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]

Government Calls for ‘Blind Recruitment’ Receive Lukewarm Response in Business Sector

Government Calls for ‘Blind Recruitment’ Receive Lukewarm Response in Business Sector

SEOUL, Jul. 5 (Korea Bizwire) — Fewer than one in ten South Korean companies are on board with the government’s call to adopt so-called ‘blind recruitment’ practices, in which employers are encouraged to judge job candidates as individuals and divert their attention from their education levels and relative work experience, according to a new survey. [...]

Pharmaceutical Industry Contributes More to Employment than Other Industries: Data

Pharmaceutical Industry Contributes More to Employment than Other Industries: Data

SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]