SEOUL, Sept. 13 (Korea Bizwire) — A recent survey shows that more than half of South Korean citizens have a favorable opinion of large corporations, and their top expectation from these companies is job creation. According to a survey commissioned by the Federation of Korean Industries (FKI) and conducted by the polling firm Monos Research, among 1,005 [...]
SEOUL, Sept. 11 (Korea Bizwire) — A recent survey showed that the job market for young people will become more challenging in the second half of this year due to the worsening of business sentiment caused by the deepening of uncertainties in and outside of Korea. According to a survey of the nation’s 500 largest companies [...]
SEOUL, Sept. 3 (Korea Bizwire) — The government plans to increase its job creation budget by over 20 percent to a record volume of nearly 26 trillion won (US$21.4 billion) next year, with unemployment benefits accounting for a record 40 percent of the total, the Ministry of Employment and Labor said Tuesday. The government will [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea is expected to see more joint ventures between local governments and companies aimed at creating low-waged jobs that may also help prevent local companies from moving their jobs overseas, the presidential office Cheong Wa Dae said Friday. “We have hopes that at least one or two more [...]
SEOUL, Feb. 1 (Korea Bizwire) — The city of Gwangju and Hyundai Motor Co. signed an investment agreement on Wednesday to build a vehicle assembly plant in Gwangju. South Korean President Moon Jae-in was also present at the signing ceremony. The feat comes after a series of delays over one of the articles included in [...]
SEOUL, Oct. 23 (Korea Bizwire) — Lotte Group said Tuesday it will invest 50 trillion won (US$44 billion) and create 70,000 new jobs in the next five years in its first major business decision after its chief returned to the helm of South Korea’s fifth-largest conglomerate. Lotte Corp., the business group’s holding firm, said that [...]
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 [...]
SEJONG, Jun. 21 (Korea Bizwire) — Nearly half of South Korean workers pay no income tax, a report said Tuesday, amid heated debates on a tax hike to secure funds for President Moon Jae-in’s job creation pledges. Some 46.5 percent of 17 million wage earners in the country were exempted from paying income tax in [...]
SEOUL, May 26 (Korea Bizwire) — President Moon Jae-in on Thursday directed his secretariat to slash funds for special presidential activities to support job creation and marginalized citizens, his office said. Lee Joung-do, Moon’s secretary for general affairs, said that the president would also use his own money for family meals, commodities and private events, [...]
SEOUL, May 25 (Korea Bizwire) – The presidential office Cheong Wa Dae installed a new electric bulletin board Wednesday, offering a quick summary of current conditions in the country’s employment market, while also highlighting the emphasis the new president and his government place on creating jobs. The new bulletin board was placed at one of [...]