SEJONG, May 11 (Korea Bizwire) – South Korea’s jobless rate fell in April as more people were hired in the accommodation and retail sectors, but the unemployment rate for young people still remained high, a government report showed Wednesday. The unemployment rate sank to 3.9 percent in April, from 4.3 percent in March. The seasonally [...]
SEJONG, May 3 (Korea Bizwire) – During a cabinet meeting today, the Ministry of Land, Infrastructure and Transportation (MOLIT) unveiled a plan to train at least 2000 qualified pilots domestically by 2020. According to the International Civil Aviation Organization (ICAO), the global aviation market is expected to grow by five percent annually, which in turn create job [...]
SEOUL, May 3 (Korea Bizwire) — Many North Korean defectors have experienced difficulties finding jobs in South Korea because of their accent and the way they speak, a survey carried out by a local human rights watchdog said Tuesday. The poll of 1,400 North Korean defectors aged 15 years and older was conducted by the [...]
SEOUL, May 3 (Korea Bizwire) — The chances of getting married can increase by up to five times for men and two times for women when employed, revealed the Korea Economic Research Institute (KERI) in a recent report. According to the report, after conducting a study into the effects of employment on marriage for those between [...]
SEOUL, April 26 (Korea Bizwire) – With Korean companies hiring fewer and fewer employees due to the prolonged economic downturn, the newly-unemployed are discovering that obtaining new employment is increasingly difficult, and as such, it is taking them longer to find new jobs. According to Statistics Korea’s Q1 numbers released on Monday, there were 112,000 [...]
SEOUL, April 24 (Korea Bizwire) – About 1 out of 6 young workers in South Korea were paid less than the country’s minimum wage last year, a private think tank said Sunday, pointing to tough working conditions facing young adults already struggling with high unemployment. According to the report by the Hyundai Research Institute, some [...]
SEOUL, Feb. 15 (Korea Bizwire) – Hyundai Motor Group is expected to recruit more than 10,000 workers this year in line with its long-term employment strategy, industry and company sources said Monday. The recruitment plan follows 9,500 workers recently employed by South Korea’s second-largest conglomerate, which holds Hyundai Motor Co. and Kia Motors Corp. under [...]
SEOUL, Dec.22 (Korea Bizwire) – A new generation called the ‘NG’ generation in growing in prominence. ‘NG’ is short for ‘No Graduation’, and refers to college students who postpone their graduation to prepare for employment. Last year the number of students who postponed their graduation exceeded 20,000. Since it is difficult to get a job [...]
SEOUL, Nov.18 (Korea Bizwire) – Research suggests that a decrease in working hours for Koreans, who currently work longer hours than almost anybody in the developed world, would lead to a drastic increase in the number of jobs created. At the Employment Impact Assessment Debate hosted by the Ministry of Employment and Labor and the [...]
SEOUL, Mar. 16 (Korea Bizwire) — South Korea’s 30 leading business groups will expand investment, but decrease new employment this year compared to last year, amid worries of increasing labor costs, a survey showed Monday. According to the survey by the Federation of Korean Industries (FKI) of the top 30 conglomerates in terms of assets [...]