Employment Archives | Be Korea-savvy
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 [...]

Soaring Number of Public Office Exam Takers Cost South Korea Billions

Soaring Number of Public Office Exam Takers Cost South Korea Billions

SEOUL, April 6 (Korea Bizwire) – Seeking stability amid stiff job competition and a prolonged economic downturn, the number of test takers for civil service jobs is skyrocketing.  In 2016, there were 257,000 young Koreans (aged 15 to 29) preparing for public service examinations, up by 38.9 percent from 185,000 in 2015, and accounting for [...]