SEOUL, Feb. 11 (Korea Bizwire) — As hiring at major corporations and public institutions continues to shrink, more than 420,000 young South Koreans have given up on job searching, reflecting a deepening employment crisis among the nation’s youth. According to data released by Statistics Korea on February 10, the average number of employees at businesses with [...]
SEJONG, May 21 (Korea Bizwire) — A growing number of job seekers have decided to call it quits, according to Statistics Korea. Recent data shows that the number of unemployed individuals no longer seeking employment stood at 457,700 (as of April this year), an increase of 40,800 from last year. These labor force nonparticipants are [...]
SEOUL, May 5 (Korea Bizwire) – It has been a short week, with Labor Day falling on May 1, Buddha’s Birthday on May 3, and Children’s Day on May 5. But while most working adults and students enjoy time off with family or friends, thousands of South Korean young adults yet to find work are [...]
SEOUL, April 20 (Korea Bizwire) – The Seoul Metropolitan Government announced Wednesday that it has partnered with two additional tailors in Sinchon and Wangsimni for its free suit rental initiative starting May 22. The city launched the service last year near Konkuk University to help unprivileged job seekers amid South Korea’s rising youth unemployment rate. [...]
SEOUL, April 7 (Korea Bizwire) – A recent study by the YBM TOEIC Commission revealed that work-life balance is most sought after by young South Koreans, reflecting the country’s highly-demanding work environment. According to the commission’s online survey of 3,294 college students and young job seekers, 43.6 percent (1,435) of the participants said “life that [...]
SEOUL, March 8 (Korea Bizwire) – Only 70 people appeared at the Hyundai Motorstudio in Seoul on Tuesday for the company’s biannual recruiting information sessions, but another 40,000 job seekers were present in the room through their laptops and smartphones, via Facebook Live. This was the first time for the automaker to broadcast its job [...]
SEOUL, Feb. 27 (Korea Bizwire) – Despite South Korea’s high youth unemployment, local smaller firms are struggling to hire new workers as young job seekers prefer higher-paying jobs at big businesses, financial firms and state-run companies, data showed Monday. According to a survey conducted by the Korea Small Business Institute in 2015, more than 80 [...]
SEJONG, Feb. 16 (Korea Bizwire) – Last month’s youth unemployment rate (ages 15 to 29) announced by Statistics Korea Wednesday was 8.6 percent, which was a 0.9-percent drop from January 2016, and seemingly a good sign given the record high unemployment rates observed last year. Unfortunately, this was not the result of an improving labor [...]
SEOUL, Dec. 21 (Korea Bizwire) – It seems as though finding a job in Korea is getting tougher by the year. In a recent survey of 2,653 job applicants by Saramin, an online recruitment platform, 79.3 percent of the respondents said the job search process was more difficult during the second half of this year. [...]
SEOUL, Dec. 16 (Korea Bizwire) – Despite the somber statistic that only 38 percent of startups survive for more than three years, starting one’s own company is still a dream for many Koreans. So what do these companies seek when hiring employees to share their vision with? In a recent government study, 77.7 percent of [...]