SEJONG, Jun. 15 (Korea Bizwire) — South Korea’s jobless rate rose slightly in May due to a fall in employment in the retail, manufacturing and educational service sectors, while job creation remained sluggish, government data showed Friday. The unemployment rate stood at 4 percent last month, up 0.4 percentage point from a year earlier, marking [...]
SEOUL, May 16 (Korea Bizwire) — The number of employees at Samsung Electronics has surpassed 100,000 for the first time in seven years. Experts say this is due to massive hiring efforts in the company’s device solution division spurred on by the boom in the global semiconductor industry. More permanent employees have been hired while [...]
SEOUL, Apr. 23 (Korea Bizwire) – The employment-to-gross domestic product (GDP) ratio fell to a record low last year, data from the central bank and statistical agency showed on Monday, with the speed of the fall causing more alarm among observers of the economy. The ratio measures the number of newly employed workers per 1 [...]
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 [...]