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 [...]
SEOUL, Aug. 19 (Korea Bizwire) — A new report has revealed that if strong lockdown measures are taken to prevent the spread of the coronavirus, which has recently seen a resurgence in South Korea, on third the country’s workers would have difficulty in conducting normal economic activities. In a report issued on Tuesday, the Bank [...]
SEJONG, June 5 (Korea Bizwire) — Lee Tae-in, who completed an engineering degree from a university in February, recently decided to give up searching for a job in the first half of this year in South Korea’s worst economy in more than two decades. So far, he has applied for several midsized machinery manufacturers but [...]
SEOUL, Sept. 30 (Korea Bizwire) — Six in 10 South Koreans support a proposed extension of the legal retirement age, currently set at 60, to 65, a poll showed Monday. The poll of 1,539 adults aged 19 to 64 conducted by the Korea Institute of Public Administration from Sept. 2-11 found that 61.1 percent are [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s workforce continued to inch toward female workers, with the number of income earners and those employed in the service industry advancing to record highs, data from the Bank of Korea (BOK) showed Tuesday. As of end-2015, the total number of employed workers came to 23.83 million, up [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s major securities firms plan to hire more workers in the second half of this year, market watchers said Tuesday. Though official job announcements have yet to be made, the country’s top 10 brokerages plan to add more than 500 new workers in total in the coming months. [...]
SEOUL, Jan. 25 (Korea Bizwire) — A number of job search consulting services in South Korea have been found to be ‘overpriced’, and few issue refunds for their services. Job search consulting services have gained popularity among job seekers recently amid an employment crisis, but complaints are growing, according to the Korea Consumer Agency. Between [...]
SEOUL, Feb. 13 (Korea Bizwire) – Korea’s youth unemployment rate is skyrocketing to unprecedented levels, and the unemployment rate for workers between the ages of 15 to 24 has surpassed that of the U.S. for the first time in 16 years. Even amidst the global economic recession, youth unemployment in most advanced countries has partially [...]