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Job Search Consulting Services ‘Overpriced’ and ‘Non-refundable’

Job Search Consulting Services ‘Overpriced’ and ‘Non-refundable’

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 [...]

Young Jobseekers Fret as Youth Unemployment Rate Soars

Young Jobseekers Fret as Youth Unemployment Rate Soars

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 [...]

1 in 2 College Students See Worsening Job Market Conditions: Survey

1 in 2 College Students See Worsening Job Market Conditions: Survey

SEOUL, Oct. 24 (Korea Bizwire) – One out of every two college students believe job market conditions have worsened this year, while more than half of would-be jobseekers said they wanted to work for a large firm or a public enterprise, a survey showed Monday.  In the survey conducted by the Federation of Korean Industries [...]

Controversy Erupts over Peak Wage, Labor Market Reform

Controversy Erupts over Peak Wage, Labor Market Reform

SEOUL, Aug. 28 (Korea Bizwire) — With an umbrella labor union’s decision to resume talks with the government and management, adopting a peak wage system to boost youth employment is likely to become a hot potato at the tripartite talks. On Wednesday, the Federation of Korean Trade Unions (FKTU) said that it will resume the [...]

Korea’s Youths Take on Temporary Jobs as Labor Market Dims

Korea’s Youths Take on Temporary Jobs as Labor Market Dims

SEOUL, Jan. 14 (Korea Bizwire) — One of five South Koreans start their career with temporary jobs with a contract period of less than a year, government data showed Wednesday, reflecting toughening job market conditions for fresh high school and college graduates. Some 761,000 workers between the ages of 15 and 29, or 19.5 percent [...]