SEOUL, Oct. 17 (Korea Bizwire) – The number of South Korea’s casual employees with no guaranteed hours of work reached a five-year high in the third quarter of this year, government data showed Monday, due to a rise in time-selective jobs amid a prolonged economic slump. The number of employees who work for one hour [...]
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 [...]
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 [...]
SEJONG, Sept. 21 (Korea Bizwire) – The number of people who have been unemployed for more than six months in South Korea rose to a record high in August amid a persistent economic slump, data showed Wednesday. A total of 182,000 South Koreans were jobless for six months or more as of August, up 62,000 [...]
SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s jobless rate increased slightly in August from a year earlier, with the unemployment rate for young adults still remaining high amid a prolonged economic slump, a government report showed Tuesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.5 percent [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s job market recovery stalled in the first quarter of this year amid weak economic growth despite improvements in other members of the Organization for Economic Cooperation and Development (OECD), data showed Tuesday. South Korea’s employment rate for people aged 15-65 stood at 65.9 percent for the January-March [...]
SEOUL, July 26 (Korea Bizwire) – A recent study conducted by The Seoul Institute revealed that young employees (between 21 and 37 years old) in Seoul usually acquire job information from friends and close acquaintances, while job seekers in the same age group tend to focus on employment websites to obtain the same information. According [...]
SEOUL, July 6 (Korea Bizwire) – Some even say a new era for start-ups began a couple of years ago, as they are gaining popularity, but that doesn’t seem to be the case yet for jobseekers in Korea. While current employees of start-up companies report higher workplace satisfaction than those who are employed at large firms [...]
SEOUL, July 1 (Korea Bizwire) – Youth employment may have improved numerically last year but job stability has not as most of the obtained jobs were either short-term or menial, a study indicated Friday. An analysis by Park Jin-hee at the Korean Employment Information Service said 68,000 more people in their 20s were employed last [...]
SEOUL, June 27 (Korea Bizwire) – With flextime working arrangements becoming increasingly popular in Korea, Yuhan-Kimberly is an example of a company that has successfully implemented flexible work hours. A year after its adoption, the company’s revenue has increased by more than 10 percent, and college students now rank it as one of the most [...]