job market Archives | Be Korea-savvy
South Korea’s ‘Resting’ Youth Population Rises, Challenging Job Market and Government Efforts

South Korea’s ‘Resting’ Youth Population Rises, Challenging Job Market and Government Efforts

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 [...]

Workers in Their 50s Take Center Stage in Job Market Shift

Workers in Their 50s Take Center Stage in Job Market Shift

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 [...]

Pandemic Has Had More of an Impact on White Collar Jobs: BOK

Pandemic Has Had More of an Impact on White Collar Jobs: BOK

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 [...]

April Posts Biggest Increase in Employment Insurance Subscribers Since Before Pandemic

April Posts Biggest Increase in Employment Insurance Subscribers Since Before Pandemic

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 [...]