SEOUL, Dec. 22 (Korea Bizwire) – The Seoul High Court has determined that drivers associated with the ride-hailing service TADA are to be considered employees under the Labor Standards Act. Consequently, terminating their contracts without just cause is deemed unfair dismissal, as per the ruling on December 21. In a lawsuit against the National Labor Relations [...]
SEOUL, Dec. 4 (Korea Bizwire) – In a recent survey conducted by the Korean Employment Information Service (KEIS), it has been revealed that over 50 percent of individuals aged 65 to 79, who have surpassed the legal retirement age of 60, express a strong desire to continue working. Surprisingly, approximately 1 in 5 of these individuals [...]
SEOUL, Nov. 21 (Korea Bizwire) — One out of every 6 South Korean married women suffered a career break during the first half of the year due mainly to pregnancy and child-rearing, data showed Tuesday. The number of married women aged 15-54 who stopped working during the January-June period came to 1.34 million, according to [...]
SEOUL, Nov. 15 (Korea Bizwire) — The government will earmark 1 trillion won (US$766.52 million) to implement extensive tailored programs to encourage more young people to join and stay in the labor market, the finance ministry said Wednesday. South Korea has seen growth in the number of young people neither in employment nor in education [...]
SEOUL, Oct. 19 (Korea Bizwire) – Kia’s labor and management recently reached a preliminary agreement on wages, and it includes an unusually large compensation package. What happened is that the labor union successfully used the “employment inheritance” issue as leverage. In simpler terms, they got significant compensation in exchange for removing a clause that should have been [...]
SEOUL, Sept. 19 (Korea Bizwire) — The share of female executives at South Korea’s major firms has more than doubled over the past five years on positive factors, including last year’s implementation of a related law, a corporate tracker said Tuesday. A total of 265 firms belonging to the country’s top 30 business groups had [...]
SEOUL, Aug. 27 (Korea Bizwire) — More than 1.26 million young people remained unemployed after completing their studies, and it took more than 10 months for youths to get their first job after graduation on average, data showed Sunday. Of the 8.42 million people aged 15-29, 4.52 million had graduated from middle school, high school [...]
SEOUL, April 18 (Korea Bizwire) — The number of jobs supplied by restaurants and bars rose on-year in the second half of 2022, data showed Tuesday, as the country returned to pre-pandemic normalcy. Local restaurant businesses employed 1.6 million people in the July-December period, up 43,000 from a year earlier, according to the data compiled [...]
SEOUL, March 19 (Korea Bizwire) — The number of working South Koreans aged 60 and above has more than doubled in the past 10 years due to higher living costs amid a global economic slowdown, government data showed Sunday. The number of working Koreans aged 60 and older jumped to 5.77 million in February from [...]
SUWON, March 10 (Korea Bizwire) — With a drop in the school-age population, more teachers are being put on standby even after passing the teacher certification examination. The Gyeonggi Provincial Office of Education said that 47 people passed the teacher employment exam for kindergartens in the Gyeonggi area this year. However, none of them were assigned [...]