SEJONG, May 24 (Korea Bizwire) – The government reiterated its position to adopt a performance-based salary system in state-run companies and institutions on a wider scale by the end of this year, a finance ministry official said Monday, as part of its efforts to reform the public sector. The government has pushed forward with the [...]
SEOUL, May 23 (Korea Bizwire) – The prolonged economic slowdown and corporate restructuring have pushed some of Korea’s top 100 listed companies to trim their workforces. According to chaebul.com, as of March 2016, the number of employees at 51 of top 100 Korean listed companies had decreased from the end of last year. The total [...]
SEOUL, May 12 (Korea Bizwire) – More than 90 percent of South Korean women in their latter 30s, now economically inactive, had been previously employed, a report said Thursday, a finding that supports arguments that they are leaving the workforce to care for child and family. According to the report from the Korea Employment Information [...]
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 [...]