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 [...]
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 [...]