SEOUL, March 17 (Korea Bizwire) — South Korea reported job losses for the 12th straight month in February as the new coronavirus outbreak continued to deal a blow to the job market, data showed Wednesday. The number of employed people reached 26.3 million last month, 473,000 fewer than a year earlier, according to the data [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea lost about 392,000 jobs in September, marking a decline in the number of the employed for the seventh consecutive month, as the coronavirus pandemic hammered job markets, data showed Friday. The country’s jobless rate rose by 0.5 percentage point on-year to 3.6 percent in September, with the [...]
SEJONG, Sept. 9 (Korea Bizwire) — South Korea lost about 274,000 jobs in August, marking a decline in the number of the employed for the sixth consecutive month, as the coronavirus pandemic hammered job markets, data showed Wednesday. The country’s jobless rate rose by 0.1 percentage point on-year to 3.1 percent in August, with the [...]
SEOUL, July 30 (Korea Bizwire) — Manufacturing jobs in South Korea decreased at the fastest rate in a decade last month as the coronavirus pandemic continued to weigh down the export-driven economy, government data showed Thursday. According to the labor ministry’s monthly report, the total number of workers on nonagricultural payrolls in June stood at [...]
SEOUL, Jul. 25 (Korea Bizwire) — Since the announcement last week of a 16.5 percent hike to the minimum wage that was met with cheers and praise, some South Koreans are now expressing worries over possible job cuts in the wake of the increase, according to a big data analyst. Despite the highest wage hike in [...]