SEOUL, Oct. 9 (Korea Bizwire) – South Korea’s job market presented a mixed picture in the first half of 2024, with significant job losses in construction and retail sectors contrasting with growth in social welfare and software development, according to a report released by Statistics Korea on October 8. The “Regional Employment Survey: Industrial and Occupational Characteristics [...]
SEJONG, Jun. 24 (Korea Bizwire) – In a concerning trend for South Korea’s labor market, the number of young adults classified as economically inactive — neither employed nor seeking work — has increased for the first time in nine months, despite government initiatives to integrate them into the workforce. According to data from Statistics Korea, the [...]
SEOUL, Dec. 7 (Korea Bizwire) – Last year, individuals in their 50s emerged as the most prevalent age group in the workforce, marking the first time this age bracket has been designated as the “most employed” since 2016, when statistics were first recorded. This shift from the previous trend, where the majority of workers were in [...]
SEOUL, June 8 (Korea Bizwire) — More than one out of three South Koreans who changed jobs in 2021 experienced a wage decline amid the COVID-19 pandemic, data showed Thursday. The number of registered employees who were eligible for state insurance programs came to 25.49 million in 2021, up 2.7 percent from the previous year, [...]
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 [...]