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Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

SEOUL, Sept. 20 (Korea Bizwire) – A recent survey has revealed that almost half of South Koreans who secured jobs abroad through government support programs over the past five years have returned home.  The Human Resources Development Service of Korea (HRD Korea) conducted a follow-up survey in April and May, targeting 6,751 individuals who found employment [...]

Job Additions Rise over 100,000 in Aug.; Construction Jobs Fall by Most amid Heat Wave

Job Additions Rise over 100,000 in Aug.; Construction Jobs Fall by Most amid Heat Wave

SEOUL, Sept. 11 (Korea Bizwire) — South Korea added more than 100,000 jobs for the second consecutive month in August, but jobs in the construction sector fell by the most ever amid an industry slowdown and extreme heat wave, data showed Wednesday. The number of employed people came to 28.80 million last month, up 123,000 [...]

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]

7 in 10 South Korean Office Workers in Their 20s, 30s and 40s Weigh Job Switches

7 in 10 South Korean Office Workers in Their 20s, 30s and 40s Weigh Job Switches

SEOUL, Jun. 20 (Korea Bizwire) – A survey by the Korea Enterprises Federation has revealed that 7 out of 10 office workers in their 20s, 30s, and 40s are considering changing jobs, underscoring the shifting employment landscape in South Korea. The Employee Turnover Trend Survey, conducted with the participation of 1,500 full-time employees aged 20 to [...]

Only 1 in 10 Job-changing Workers at SMEs Got New Job at Large Conglomerate in 2022: Data

Only 1 in 10 Job-changing Workers at SMEs Got New Job at Large Conglomerate in 2022: Data

SEOUL, Jun. 5 (Korea Bizwire) — Around 1 out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday. The number of registered employees who were eligible for state insurance programs came to 26.06 million in 2022, up 2.2 [...]

South Korea’s Gender Disparities Impede Women’s Work and Births, Studies Show

South Korea’s Gender Disparities Impede Women’s Work and Births, Studies Show

SEJONG, May 28 (Korea Bizwire) – A procession of studies has highlighted the inverse relationship between women’s economic participation and birthrates in South Korea, where childcare responsibilities still largely fall on mothers. The International Monetary Fund recently urged South Korea and Japan to establish a positive cycle in which greater female workforce participation contributes to economic [...]