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Lack of Job Stability, Scarce Retirement Savings Undermine Economic Security for South Korea’s Disabled Workers

Lack of Job Stability, Scarce Retirement Savings Undermine Economic Security for South Korea’s Disabled Workers

SEOUL, May 27 (Korea Bizwire) – Two out of three employed individuals with disabilities in South Korea are working in precarious, irregular jobs, according to a new government report highlighting the economic vulnerabilities faced by this population. The findings also reveal alarmingly low levels of retirement preparation, even as the nation’s disabled community rapidly ages.  Based [...]

Study Finds Young, Educated Women Favor Jobs with Flexible Work Arrangements

Study Finds Young, Educated Women Favor Jobs with Flexible Work Arrangements

SEOUL, Apr. 24 (Korea Bizwire) – A new analysis has found that workplaces offering amenities beyond just high salaries, such as flexible schedules and opportunities for growth, tend to employ more young, highly educated women, according to a report from the Bank of Korea released on April 23.  The report, titled “Preferences for Job Amenities and [...]

Reduced Employment Discrimination Paradoxically Tied to Falling Birthrates in South Korea

Reduced Employment Discrimination Paradoxically Tied to Falling Birthrates in South Korea

SEOUL, Apr. 18 (Korea Bizwire) – An ironic factor contributing to around 40% of South Korea’s declining birthrate has been identified as younger women experiencing less employment discrimination than in the past, according to a new report. While gender-based disadvantages in hiring have decreased for young women, the probability of career interruption after childbirth has remained [...]

The ‘Quiet Quitters’ Dialing It In at Korean Workplaces

The ‘Quiet Quitters’ Dialing It In at Korean Workplaces

SEOUL, Mar. 27 (Korea Bizwire) – A recent survey has found that one out of every two office workers in South Korea can be characterized as “quiet quitters” – employees who have mentally checked out but remain on the payroll, doing only the bare minimum required.  The survey of 1,097 office workers by HR tech company [...]

South Korean Banks Boost Employee Pay Even as Branches Close

South Korean Banks Boost Employee Pay Even as Branches Close

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 [...]

Transition from Regular to Irregular Employment Doubles Suicide Risk, Machine Learning Study Reveals

Transition from Regular to Irregular Employment Doubles Suicide Risk, Machine Learning Study Reveals

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 [...]