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 [...]
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 [...]
SEOUL, Feb. 19 (Korea Bizwire) - Kim Man-bok takes pride in being able to walk up subway stairs and talk over his cellphone without a hearing aid at the age of 76. After getting bored of spending time in parks and mountains, the retired trade company official went out of his comfort zone to do something [...]
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 [...]
SEJONG, Aug. 27 (Korea Bizwire) — South Korean youths are faced with the stark reality of ever-decreasing job opportunities as companies remain reluctant to hire amid a protracted economic slump, and are poised to slash labor costs to prepare for the extension of the retirement age to 60 next year. Asia’s fourth-largest economy is plagued [...]