Employment Archives | Be Korea-savvy
Middle-age People Suffer Sharp Drop in Employment Rate

Middle-age People Suffer Sharp Drop in Employment Rate

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 [...]

Life Planners’ Employment in Jeopardy with Mandatory Employment Insurance

Life Planners’ Employment in Jeopardy with Mandatory Employment Insurance

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 [...]

Samsung Electronics Service to Hire 8,700 Workers from Subcontractors

Samsung Electronics Service to Hire 8,700 Workers from Subcontractors

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 [...]

AI and Related Technologies Could Create Around 90 Million More Jobs in China than They Displace over Next Two Decades

AI and Related Technologies Could Create Around 90 Million More Jobs in China than They Displace over Next Two Decades

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 [...]

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 [...]