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Occupation and Wealth Play Vital Role in Korean Marriage: Study

Occupation and Wealth Play Vital Role in Korean Marriage: Study

SEOUL, Nov. 14 (Korea Bizwire) – A recent study has shown that permanent employees with higher wages have a higher chance of marriage in Korean society, indicating that the country’s unstable job market with a high percentage of temporary positions (22.4 percent, 2013) is contributing to a low marriage rate and declining birthrate.  According to [...]

Senior Temporary Employees Soar amid Fast-Aging Korean Society

Senior Temporary Employees Soar amid Fast-Aging Korean Society

SEOUL, Nov. 7 (Korea Bizwire) – A recent study from Statistics Korea revealed that the number of temporary employees aged 60 and above has more than doubled over the past decade, calling for government measures to provide aged workers with stable jobs to prevent elderly poverty.  According to the study, there were 1,468,000 employees aged [...]

1 in 2 College Students See Worsening Job Market Conditions: Survey

1 in 2 College Students See Worsening Job Market Conditions: Survey

SEOUL, Oct. 24 (Korea Bizwire) – One out of every two college students believe job market conditions have worsened this year, while more than half of would-be jobseekers said they wanted to work for a large firm or a public enterprise, a survey showed Monday.  In the survey conducted by the Federation of Korean Industries [...]

S. Korean Conglomerates Hire Less despite More Assets: Data

S. Korean Conglomerates Hire Less despite More Assets: Data

SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s 10 biggest companies have contributed less to the nation’s employment sector, although their assets have grown, data showed Sunday.  According to the data compiled by market researcher Chaebol.com, their assets totaled 1,144.4 trillion won (US$1,000 billion) last year. This accounts for 27.22 percent of all assets for [...]

Big Data Analysis Reflects on the Struggles of Young Job Seekers

Big Data Analysis Reflects on the Struggles of Young Job Seekers

SEOUL, Oct. 18 (Korea Bizwire) – Marketing firm Innocean Worldwide’s latest big data analysis categorized the lifestyle of jobseekers into three keywords: relationship, relief, and location. The study was based on an analysis of some 600,000 social data records related to youth employment on online communities.  According to Innocean, words related to study groups (for [...]

Record Economic Activity Rate for 20-somethings Highlights Korea’s High Youth Unemployment

Record Economic Activity Rate for 20-somethings Highlights Korea’s High Youth Unemployment

SEJONG, Oct. 4 (Korea Bizwire) – The Q2 economic activity rate (EAR) for Koreans in their twenties reached its highest level in a decade at 65.7 percent after peaking in Q4 2005 at 65.8 percent.  The EAR represents the percentage of the population that constitutes the manpower supply of the labor market, both employed and [...]

Changing Your First Job May Guarantee Better Career: Study

Changing Your First Job May Guarantee Better Career: Study

SEOUL, Sept. 30 (Korea Bizwire) – A recent study by KRIVET (the Korea Research Institute for Vocational Education & Training) revealed that changing one’s first job as a college graduate may guarantee a more stable career with higher pay.  According to KRIVET’s study, instability and low pay were the two major factors pushing employees to [...]