SEOUL, Dec. 28 (Korea Bizwire) – Looking ahead to 2018, chief among South Koreans’ worries and hopes for the new year is employment. Two out of three respondents in a survey regarding next year’s economic policy conducted by the Korea Development Institute were most concerned about future employment. A total of 1,000 civilians and 334 [...]
SEOUL, Dec. 22 (Korea Bizwire) — Four out of every five self-employed people said the hike in the minimum wage could cut the number of part-timers next year, a survey showed Friday. The minimum wage is set to rise to 7,530 won (US$7) per hour next year, up 16.4 percent from the current 6,470 won. [...]
SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]
SEOUL, Aug. 22 (Korea Bizwire) - A report showing the number of employees at seven major banks revealed that there were 4,076 fewer employees at the end of June compared to the same time last year. Of the 4,076 employees who either quit or were let go, 3,218 were temporary staff and the remaining 858 [...]
SEOUL, Jul. 5 (Korea Bizwire) — Fewer than one in ten South Korean companies are on board with the government’s call to adopt so-called ‘blind recruitment’ practices, in which employers are encouraged to judge job candidates as individuals and divert their attention from their education levels and relative work experience, according to a new survey. [...]
SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]
SEOUL, May 15 (Korea Bizwire) – One in five South Korean employees work 54 hours or longer a week with the downtrend in weekly work hours losing steam in the 2010s, government data showed Monday. According to the data by Statistics Korea, some 5.33 million employees had a workweek of 54 hours or more in [...]
SEOUL, April 6 (Korea Bizwire) – Seeking stability amid stiff job competition and a prolonged economic downturn, the number of test takers for civil service jobs is skyrocketing. In 2016, there were 257,000 young Koreans (aged 15 to 29) preparing for public service examinations, up by 38.9 percent from 185,000 in 2015, and accounting for [...]
SEOUL, Feb. 28 (Korea Bizwire) – Samsung Group, South Korea’s top conglomerate, has decided to abolish its groupwide employment of new workers as part of reform measures following its involvement in a high-profile corruption scandal, officials said Tuesday. The decision follows Samsung’s move to dismantle the group’s key future strategy office, which has been responsible [...]
SEOUL, Feb. 27 (Korea Bizwire) – Despite South Korea’s high youth unemployment, local smaller firms are struggling to hire new workers as young job seekers prefer higher-paying jobs at big businesses, financial firms and state-run companies, data showed Monday. According to a survey conducted by the Korea Small Business Institute in 2015, more than 80 [...]