SEOUL, Mar. 20 (Korea Bizwire) – South Korea’s major commercial banks rewarded employees with significant pay raises last year, despite continuing a cost-cutting drive that saw further reductions in staffing levels and branch networks across the country, according to financial filings. An analysis by Yonhap News of the 2023 business reports disclosed by the nation’s four [...]
SEOUL, Mar. 13 (Korea Bizwire) — South Korea added more than 300,000 jobs for the second consecutive month in February led by solid job growth in the manufacturing sector amid rising exports, data showed Wednesday. The number of employed people came to 28.04 million last month, up 329,000 from a year earlier, according to the [...]
SEOUL, Mar. 13 (Korea Bizwire) – A groundbreaking study has found that workers transitioning from regular to irregular employment are twice as likely to contemplate suicide compared to their counterparts who remain in regular employment. This significant discovery was made possible through the use of machine learning technology, traditionally employed in the business sector for analyzing [...]
SEOUL, Feb. 19 (Korea Bizwire) – A recent revelation by the civic organization Gabjil 119 has shed light on the troubling practice of alleged “blacklists” created by companies, which reportedly hinder former employees’ efforts to secure new employment. One individual shared their ordeal of being threatened by their team leader with a ruined industry reputation after [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea added more than 300,000 jobs for the first time in three months in January, as manufacturing hiring grew for the second month in a row, data showed Friday. The number of employed people came to 27.74 million last month, up 380,000 from a year earlier, according to [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s on-year employment grew at a slower pace in 2023 as the number of newly employed fell in the manufacturing sector and among young people, data showed Wednesday. The number of employed people rose 327,000 in 2023 from a year earlier, or 1.2 percent, to come to 28.41 [...]
SEOUL, Dec. 27 (Korea Bizwire) — The employment rate of North Korean defectors in South Korea reached a new high of 60.5 percent earlier this year, a report showed Wednesday, in a sign of improving living conditions for those who fled from the North. The April figure — which serves as annual statistics for North [...]
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 [...]