SEOUL, Nov. 23 (Korea Bizwire) — Large South Korean companies have cut their combined workforce by more than 1 percent over the past two years amid the coronavirus pandemic, a corporate tracker said Tuesday. The number of workers hired by 313 out of the country’s top 500 firms by sales came to 1.24 million as [...]
SEOUL, Feb. 25 (Korea Bizwire) – The number of jobs for wage workers in South Korea increased on-year in the June-August period of last year, but those in their 20s and 30s suffered extended employment slumps amid the pandemic, data showed Thursday. The number of paid employee jobs reached 19.1 million in the cited period, [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s hospitality industry has cut nearly 370,000 jobs over the past year in the wake of the coronavirus pandemic, data showed Tuesday. Local accommodations and restaurants had a combined workforce of 1.965 million as of January, down 367,000 from a year earlier, according to the data from Statistics [...]
SEJONG, Feb. 15 (Korea Bizwire) – The number of discouraged female workers in South Korea hit an all-time high in January due to a tough employment situation amid the coronavirus pandemic, government data showed Monday. The country had 359,000 discouraged female workers in January, up 65.5 percent, or 142,000, from a year earlier and setting [...]
SEJONG, Aug. 27 (Korea Bizwire) — South Korea plans to allow more foreign students to work here from 2022 as part of its efforts to tackle population decline, officials said Thursday. If a foreigner graduates from a university of engineering or science in South Korea, the foreigner will get a non-professional employment visa, or E-9 [...]
SEOUL, June 24 (Korea Bizwire) — A decision by Incheon International Airport Co. to give full employment status to temporary workers has stirred up a furious debate about a level playing field and angered some for what they called reverse discrimination. Earlier this week, the public company, one of the country’s most coveted among jobseekers, [...]
SEOUL, May 17 (Korea Bizwire) — One in three companies in South Korea may trim workers in the future if the economy does not show signs of a significant recovery from the new coronavirus pandemic, a poll showed Sunday. In the poll conducted by the Korea Economic Research Institute, about 30 percent of the surveyed [...]
SEJONG, May 13 (Korea Bizwire) — South Korea reported the sharpest drop in its April employment since 1999 as the coronavirus pandemic hammered job markets, data showed Wednesday. The number of employed people in South Korea stood at 26.56 million in April, 476,000 people fewer than a year ago, marking the biggest on-year decline since [...]
SEOUL, March 23 (Korea Bizwire) — The employment effect of unicorn companies and prospective unicorn companies with a value of more than 1 trillion won (US$781 million), which the government has committed to supporting, has been slowing down. While the number of employees recruited is increasing, some point out that the number of employees who [...]
SEOUL, Dec. 23 (Korea Bizwire) — The number of South Koreans overqualified for their current jobs has reached a record high of over 30 percent this year, a central bank report showed Monday, suggesting overeducation may be adding to the country’s overall costs and that the nation may also be running out of quality jobs. [...]