SEOUL, May 23 (Korea Bizwire) — More than 10 percent of full-time workers in South Korea consider themselves as nonregular employees because of poor working conditions, a report said Monday. According to the report by the Korea Labor Institute, 10.7 percent of South Korea’s regular workers believe they are temporary employees owing to long work [...]
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 [...]
SEJONG, Jan. 3 (Korea Bizwire) – South Korea’s economic growth is not creating as many jobs as before, government analysis indicated Tuesday, saddling the country with bad news when growth projections are being marked down. Numbers provided by the Ministry of Strategy and Finance and Statistics Korea show the government expects 2.6 percent economic expansion [...]
SEOUL, Sept. 28 (Korea Bizwire) – A recent report from the U.S. Department of Commerce highlighted South Korea’s role in creating jobs in America, indicating that the Korea-U.S. Free Trade Agreement is yielding positive outcomes despite recent criticism from Donald Trump. The Republican presidential candidate has ceaselessly condemned the trade pact as part of his [...]
SEJONG, Aug. 30 (Korea Bizwire) – The South Korean government aims for a 3.7 percent increase in its spending next year to push the annual budget above the 400 trillion won (US$358 billion) mark for the first time, with steep rises planned for youth job creation, expansion of custom-made welfare benefits and stabilization of public [...]
SEOUL, May 3 (Korea Bizwire) — The chances of getting married can increase by up to five times for men and two times for women when employed, revealed the Korea Economic Research Institute (KERI) in a recent report. According to the report, after conducting a study into the effects of employment on marriage for those between [...]
SEOUL, Jan. 27 (Korea Bizwire) – The number of people working for South Korea’s top 30 major business groups has increased 17 percent over the past five years, well higher than the average rise of 13 percent for the corporate sector, industry data showed Wednesday, indicating that the conglomerates helped ease the country’s prolonged labor [...]
SEOUL, Dec. 23 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn said Wednesday that the government will put all-out efforts into parliamentary approval of labor reform bills to create more jobs. Hwang described job creation as a major government task at the moment. In September, labor, management and the government reached a landmark deal to ease [...]
SEOUL, Nov.18 (Korea Bizwire) – Research suggests that a decrease in working hours for Koreans, who currently work longer hours than almost anybody in the developed world, would lead to a drastic increase in the number of jobs created. At the Employment Impact Assessment Debate hosted by the Ministry of Employment and Labor and the [...]
SEJONG, June 9 (Korea Bizwire) — Job creation by South Korean listed companies has plunged over the past four years as weak demand force them to scale back investment and hiring, data showed Tuesday. According to the data by Statistics Korea and market research FnGuide, listed companies offered some six jobs for every 100 positions [...]