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 [...]
SEOUL, Oct. 18 (Korea Bizwire) — While employment in the manufacturing industry is recovering, there were more recruits from the older generation than the younger generation, data showed Monday. There were 4.53 million people employed in the manufacturing sector in August, up 240,000 from last year, according to Statistics Korea. Sorted by age, the number [...]
SEOUL, Aug. 3 (Korea Bizwire) — The combined workforce of large South Korean companies expanded 1.5 percent in the first half of the year from a year earlier amid eased COVID-19 restrictions, a corporate tracker said Wednesday. The number of workers hired by 459 out of the country’s top 500 firms by sales totaled 1.55 [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s youth employment rose sharply in May from a year earlier despite the coronavirus pandemic, government data showed Tuesday. The number of employed young people aged 15-29 reached 4.1 million in May, up 196,000 from a year earlier, according to the data released by Statistics Korea. Their employment [...]