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AI Predicted to Replace 3.27 Million Jobs in South Korea, Professional Sectors Most at Risk

AI Predicted to Replace 3.27 Million Jobs in South Korea, Professional Sectors Most at Risk

SEOUL, Mar. 14 (Korea Bizwire) – A recent study forecasts that artificial intelligence (AI) could potentially replace up to 13% of jobs in South Korea, totaling approximately 3.27 million positions, with a significant portion of these at risk within professional fields. The Korea Institute for Industrial Economics & Trade released a report on March 13 outlining [...]

White House Official Says S. Korean Firms Help Form Supply Chain Ecosystem, Create Decent Jobs

White House Official Says S. Korean Firms Help Form Supply Chain Ecosystem, Create Decent Jobs

WASHINGTON, Feb. 27 (Korea Bizwire) — A senior White House official on Tuesday portrayed South Korean enterprises operating in the United States as helping foster a robust supply chain ecosystem and create decent jobs, Seoul’s foreign ministry said. Lael Brainard, the director of the National Economic Council (NEC), made the point during a meeting with [...]

Over 400,000 Sales and Retail Jobs Vanish in South Korea Amid Online Shopping Boom

Over 400,000 Sales and Retail Jobs Vanish in South Korea Amid Online Shopping Boom

SEOUL, Jan. 30 (Korea Bizwire) – The landscape of South Korea’s job market has shifted dramatically over the last decade, with a significant decline in the number of sales and retail positions, largely due to the growing dominance of online shopping over traditional stores. This shift has led to a noticeable reduction in personnel within the [...]

Employment Rate of Women Hit 60 pct for First Time in 2022, but Gender Pay Gap Remains

Employment Rate of Women Hit 60 pct for First Time in 2022, but Gender Pay Gap Remains

SEOUL, Sept. 6 (Korea Bizwire) — The employment rate for women exceeded the 60 percent mark for the first time last year, but the wage gap between genders still remains high, a government report showed Wednesday. The employment index for women aged 15 to 64 reached 60 percent in 2022, up 7.3 percentage points from [...]

Involuntary Part-Time Work Outpaces Overall Wage Jobs in Past Decade

Involuntary Part-Time Work Outpaces Overall Wage Jobs in Past Decade

SEOUL, June 15 (Korea Bizwire) — The annual growth rate of involuntary part-time workers in the past decade has exceeded that of overall wage workers, a private think tank said. The Korea Economic Research Institute (KERI) analyzed data provided by Statistics Korea, revealing that the number of individuals compelled to work part-time increased by 2.5 [...]