SEOUL, Jul. 10 (Korea Bizwire) — South Korea added fewer than 100,000 jobs for the second consecutive month in June due to the slowing growth of manufacturing jobs and the weak construction industry, data showed Wednesday. The number of employed people came to 28.91 million last month, up 96,000 from a year earlier, according to [...]
SEOUL, Jun. 12 (Korea Bizwire) — South Korea reported the slowest on-year job growth in more than three years in May and the unemployment rate among young people reported a marked growth, data showed Wednesday. The number of employed people came to 28.92 million last month, up 80,000 from a year earlier, according to the [...]
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 [...]
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 [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea added more than 300,000 jobs for the first time in three months in January, as manufacturing hiring grew for the second month in a row, data showed Friday. The number of employed people came to 27.74 million last month, up 380,000 from a year earlier, according to [...]
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 [...]
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 [...]
SEOUL, Aug. 27 (Korea Bizwire) — More than 1.26 million young people remained unemployed after completing their studies, and it took more than 10 months for youths to get their first job after graduation on average, data showed Sunday. Of the 8.42 million people aged 15-29, 4.52 million had graduated from middle school, high school [...]
SEOUL, Aug. 25 (Korea Bizwire) — The employment of wage workers in South Korea grew at a slow pace in the first quarter of 2023 amid an economic slowdown, and two out of three newly added jobs were for senior citizens, data showed Friday. The number of paid employee jobs came to 20.21 million in [...]
SEOUL, June 19 (Korea Bizwire) — Contrary to the declining number of Koreans in their 20s and job recruits, caused by the low birthrate and an aging society, there is an increasing trend among young South Koreans to refuse engagement in job-seeking activities. There were 6.15 million people in their 20s in the country as [...]