SEOUL, Sept. 18 (Korea Bizwire) — South Korea on Wednesday floated the idea of dictating that companies continue to employ workers beyond the current retirement age of 60, a move that could have far-reaching implications on Asia’s fourth-largest economy. The move came amid growing need for older people to stay in the labor market longer [...]
SEJONG, Jun. 16 (Korea Bizwire) — The number of employed men in their 40s shrank at the fastest pace in 27 years last month, attributable to the declining population and lackluster local manufacturing industry, government data showed Sunday. The number of employed males aged between 40 and 49 stood at 3.83 million in May, shedding [...]
SEOUL, Jan. 15 (Korea Bizwire) – A recent study has revealed that 8 out of 10 South Korean companies expect that this year’s rise in the minimum wage will negatively affect hiring plans. Saramin, a South Korean job search portal, asked 906 firms in South Korea, 77 percent of which said they felt uncomfortable hiring [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Koreans in their forties and fifties were hit hardest by the tougher job market last year stemming from protracted corporate restructuring and an economic downturn, government data showed Sunday. The country’s employment rate — the portion of hired people to the working-age population — reached 60.7 percent in [...]
SEOUL, Nov. 20 (Korea Bizwire) — A recent study suggests that 4 out of 10 life planners in South Korea may lose their jobs once employment insurance becomes mandatory for employees with jobs categorized as “special type of labor” in South Korea. Lee Ji-man, a professor at Yonsei University, will be presenting the details of [...]
SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Service Co. said Friday it will directly hire 8,700 workers from its subcontractors, the latest in a string of efforts by South Korean companies to strengthen employees’ job security. The move came roughly seven months after the repair service provider of South Korean tech giant Samsung Electronics [...]
TIANJIN, China, Sept. 18 (Korea Bizwire) — AI and related technologies such as robots, drones and autonomous vehicles could provide a net boost to employment in China of around 12% over the next two decades, equating to around 90 million additional jobs. Launching the analysis at the World Economic Forum Annual Meeting of the New [...]
SEOUL, Sept. 13 (Korea Bizwire) – The frozen job market in South Korea is showing no signs of thawing. Disappearing part-time jobs at restaurants, wholesale and retail businesses are deteriorating the outlook for young people, as unemployment approaches the rock bottom felt during the financial crisis in the late 1990s. The employment data for August [...]
SEJONG, June 23 (Korea Bizwire) – The number of unemployed college graduates in South Korea hit a record high in May, government data showed Saturday, in the latest sign of a tightened job market for young adults. The number of jobless people with bachelor’s degrees and above reached 402,000 in May, up 76,000 from a [...]
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 [...]