SEOUL, Nov. 20 (Korea Bizwire) — South Korea added more than 254,000 wageworker jobs in the second quarter of this year, but the number grew at a slower pace, while the number of job openings for young people continued to fall for nearly two years, data showed Wednesday. The number of paid employee jobs came [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea added less than 100,000 jobs in October for the first time in four months primarily due to a slowdown in the wholesale, retail and construction sectors, data showed Wednesday. The number of employed people aged 15 years and older came to 28.85 million as of end-October, up [...]
SEOUL, Nov. 8 (Korea Bizwire) – According to a new study released on November 7 by the Korea CXO Research Institute, employees at Korea’s top 100 companies face steep odds in reaching executive positions, with chances falling below 1%. The study, which examined promotion possibilities at the country’s 100 largest listed companies by revenue, revealed that [...]
SEOUL, Oct. 30 (Korea Bizwire) – A new survey has revealed that 60.5% of South Korean college students and recent graduates are “passive job seekers,” highlighting growing concerns about the country’s employment market for young people. The Federation of Korean Industries (FKI) surveyed 2,938 students and graduates from four-year universities nationwide for their “2024 University Student [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea added more than 100,000 jobs for the third consecutive month in September, but jobs in the construction sector fell by the most ever amid an industry slowdown, data showed Wednesday. The number of employed people came to 28.84 million last month, up 144,000 from a year earlier, [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study. The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]
SEOUL, Sept. 20 (Korea Bizwire) – A recent survey has revealed that almost half of South Koreans who secured jobs abroad through government support programs over the past five years have returned home. The Human Resources Development Service of Korea (HRD Korea) conducted a follow-up survey in April and May, targeting 6,751 individuals who found employment [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea added more than 100,000 jobs for the second consecutive month in August, but jobs in the construction sector fell by the most ever amid an industry slowdown and extreme heat wave, data showed Wednesday. The number of employed people came to 28.80 million last month, up 123,000 [...]
SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]
SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]