SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]
SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]
SEOUL, Aug. 29 (Korea Bizwire) — Nearly 60 percent of big companies in South Korea have either not yet established a recruitment plan for the second half of the year or do not plan to hire at all, a poll showed Thursday. According to the survey carried out by polling agency Research & Research on [...]
SEOUL, Aug. 26 (Korea Bizwire) — The proportion of job positions taken by senior citizens reached an all-time high this year amid rapid aging, data showed Monday. The average number of the employed per month stood at 28.51 million during the January-July period, and those aged 60 and older accounted for 22.4 percent, or 6.39 [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea added more than 100,000 jobs for the first time in three months in July, but jobs in the construction sector fell by the most in 11 years amid a slowdown in the industry, data showed Wednesday. The number of employed people came to 28.86 million last month, [...]
SEJONG, Jul. 31 (Korea Bizwire) – A recent survey has revealed that nearly 70% of South Korea’s aging population, comprising individuals aged 55 to 79, express a desire to continue working. This demographic, approaching 16 million people, showcases a strong inclination towards prolonged participation in the workforce. Statistics Korea released these findings on July 30, as [...]
SEOUL, Jul. 17 (Korea Bizwire) – For the first time in 18 years, private sector jobs have surpassed government positions as the most sought-after career path among South Korean youth, according to a new government report. The shift comes as young job seekers face increasingly lengthy periods of unemployment, with the average time to secure a [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEJONG, Jun. 4 (Korea Bizwire) – The proportion of employed South Korean women holding low-skilled manual labor positions more than triples after marriage, highlighting how career interruptions for childbirth and child-rearing contribute to a deterioration in job quality, experts say. According to microdata from Statistics Korea’s Economically Active Population Survey, there were 2,079,000 women in elementary [...]
SEOUL, May 22 (Korea Bizwire) — South Korea added nearly 300,000 wage worker jobs in the fourth quarter of 2023, but the number grew at a slower pace, and jobs for young people continued to fall for more than a year, data showed Wednesday. The number of paid employee jobs came to 20.75 million as [...]