SEOUL, Feb. 22 (Korea Bizwire) – Recruitment season is back for young South Koreans. But two out of three major companies have either decided not to hire entry level employees or have yet to decide on their schedule for the biannual recruitment procedure – which usually takes place from the end of February to March, [...]
SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles. According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a [...]
SEOUL, Feb. 20 (Korea Bizwire) – Less than one in five South Korean manufacturers of medical supplies and equipment said they plan to increase new research and development (R&D) jobs, a survey showed Monday, despite the government’s push to become a global biotech and medical industry hub. According to the survey by the Korea Medical [...]
SEOUL, Feb. 3 (Korea Bizwire) – Samsung Group, South Korea’s biggest business conglomerate, has not yet set a date for its annual recruitment, group officials said Friday, as the group’s top leadership has been under investigation amid a snowballing corruption scandal that led to the impeachment of President Park Geun-hye. Samsung Electronics Co. Vice Chairman [...]
SEOUL, Feb. 2 (Korea Bizwire) – Ten years from now, the uncertainty in the South Korean job market will have worsened. More than a handful of jobs will have been replaced by artificial intelligence, although technological advancements will allow for several new occupations. Continued innovation in manufacturing, including 3D printing, will bring rise to more [...]
SEJONG, Jan. 23 (Korea Bizwire) – The number of unemployed people, when the definition is increased to include those who are studying or training to get a job, reached 4.53 million last year, state statistics showed Monday. While the official number of unemployed last year was 1.01 million, the “real” number that counts these people [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top 100 large-cap companies have cut more than 7,000 jobs in 2016, data showed Monday, as they are reluctant to hire new employees amid the economy’s prolonged sluggishness. According to the data by market tracker Chaebul.com, the leading companies had a combined 861,578 employees as of the [...]
SEOUL, Jan. 6 (Korea Bizwire) – The average age of workers at small and mid-sized businesses (SMEs) is rising as the younger generation seeks jobs at bigger conglomerates for better pay and stability, a survey showed Friday. A study carried out from May to September last year on 8,000 SMEs said 25.6 percent of their [...]
SEOUL, Dec. 30 (Korea Bizwire) – James Kim, president and CEO of GM Korea Co., apparently sought to eradicate what is believed to be widespread corruption among many employees and labor union leaders selling job openings, urging them to come clean without facing any consequences, company officials said Friday. In a recent e-mail addressed to [...]
SEOUL, Dec. 12 (Korea Bizwire) – A recent study by Statistics Korea (Korea Social Trends 2016) showed that men had a higher level of satisfaction in their relationship with their spouse than women, for those in commuter marriages. Of the male respondents living apart from their partners, 64.5 percent said they were satisfied with their [...]