SEJONG, Jan. 24 (Korea Bizwire) — The number of discouraged workers in South Korea touched a fresh all-time high in 2021 due to a weak job market amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 628,000 discouraged workers, the largest tally since related data tracking began in 2014, according to [...]
SEOUL, Dec. 28 (Korea Bizwire) – The outbreak of the coronavirus deepened the polarization of the job market, with the number of office and sales jobs declining more compared to physical labor jobs, a central bank report showed Monday. The number of middle-skilled jobs such as office, sales, functional and assembly technicians declined by 0.63 [...]
SEOUL, July 13 (Korea Bizwire) — As the job market continues to deteriorate, both employers and employees were found to have a high level of mistrust in hiring practices, a survey showed Monday. Recruiting platform Saramin conducted a survey of 1,210 job seekers, 51.6 percent of whom had doubts about the fairness of the hiring [...]
SEOUL, July 12 (Korea Bizwire) — The number of employment insurance subscribers posted the largest year-on-year increase in 19 months in June in a sign of recovery of the pandemic-hit job market, government data showed Monday. According to the Ministry of Employment and Labor, there were 14.33 million subscribers to the state insurance plan last [...]
SEOUL, June 22 (Korea Bizwire) — The number of double-income households in South Korea declined the most in three years last year as the job market took a beating from the pandemic, data showed Tuesday. The number of double-income households came to 5.59 million as of October last year, down 69,000 from the previous year, [...]
SEOUL, May 10 (Korea Bizwire) — The number of people subscribing to state employment insurance rose in April by the highest figure since before the pandemic, the labor ministry said Monday. According to the ministry, nearly 14.2 million people had employment insurance last month, up 422,000, or 3.1 percent, from April 2020. The increase was [...]
SEOUL, April 20 (Korea Bizwire) — With the job market still sluggish due to the spread of the coronavirus, an increasing number of young people are choosing to take matters into their own hands and launch their own businesses. The number of young people aged between the ages of 15 and 29 who were self-employed [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s jobless rate hit a 19-year high last year amid the pandemic, and women faced tougher job market situations than men, a report showed Thursday. The country’s unemployment rate reached 4 percent last year, up from 3.8 percent the previous year and the highest since 2001, according to [...]
SEOUL, March 17 (Korea Bizwire) — In a sign of a mild improvement in the job market hit hard by the pandemic, South Korea’s job losses eased last month compared to the previous month, but it would take longer than expected time for employment in Asia’s fourth-largest economy to show a meaningful recovery. The number [...]
SEOUL, Feb. 2 (Korea Bizwire) — The impact of the COVID-19 pandemic on the South Korean job market has been felt most severely among non-regular workers. The civic group Workplace Gapjil 119 conducted surveys of 1,000 salaried workers four times last year. The share of those who experienced job loss stood at 5.5 percent in [...]