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 [...]
SEOUL, April 20 (Korea Bizwire) — With the job market still sluggish due to the spread of the coronavirus, an increasing number of young people are choosing to take matters into their own hands and launch their own businesses. The number of young people aged between the ages of 15 and 29 who were self-employed [...]
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 [...]