SEOUL, Jan 11 (Korea Bizwire) – Thousands of subcontractor workers at Daewoo Shipbuilding & Marine Engineering Co., a major shipyard in South Korea, are on the brink of losing their jobs as the shipbuilder has failed to clinch new deals for offshore facilities, industry sources said Wednesday. According to the sources, Daewoo Shipbuilding has 11 [...]
SEOUL, Jan. 4 (Korea Bizwire) – Artificial intelligence and robotics experts surveyed by the Korea Employment Information Service have predicted that within ten years, more than half of the working population will be employed in professions highly replaceable by AI and robots. Technological advancement will greatly improve the abilities of the machines, experts said, giving [...]
SEJONG, Jan. 3 (Korea Bizwire) – South Korea’s economic growth is not creating as many jobs as before, government analysis indicated Tuesday, saddling the country with bad news when growth projections are being marked down. Numbers provided by the Ministry of Strategy and Finance and Statistics Korea show the government expects 2.6 percent economic expansion [...]
SEOUL, Dec. 26 (Korea Bizwire) – A growing number of unmarried persons are starting their own businesses apparently due to a lack of jobs, a report suggested Monday, noting the jobless rate of young people has remained record high. According to the report from Statistics Korea, 12.2 percent of all single men were self-employed as [...]
SEOUL, Dec. 21 (Korea Bizwire) – “Salary Log Out” was selected as the top newly-coined term of 2016, best reflecting the lifestyle of South Korean office workers. The term refers to one’s monthly salary that seemingly vanishes the moment it is deposited, the result of overdue payments like credit card bills and taxes. According to [...]
SEOUL, Dec. 6 (Korea Bizwire) – The road to employment is more arduous than ever for young South Koreans with the country’s youth unemployment rate (aged 15 to 29) reaching record levels, naturally leading to more companies hiring older workers for entry level positions. According to recruitment web portal Saramin, 84.9 percent of 649 surveyed [...]
SEOUL, Oct. 31 (Korea Bizwire) – The number of employees in the financial sector has declined in 16 consecutive months, mainly driven by the fast expanding usage of FinTech, lowering demand for conventional employees such as bank tellers. According to a recent report from the Ministry of Employment & Labor, the number of employees in [...]
SEOUL, Oct. 26 (Korea Bizwire) – A recent study by KRIVET (the Korea Research Institute for Vocational Education & Training) revealed that workplace bullying is leading to losses of over 4.78 trillion won ($4.2 billion) each year in 15 industry sectors, with the institute calling for legal intervention against employee harassment. KRIVET analyzed 15 industry [...]
SEOUL, Oct. 26 (Korea Bizwire) – A recent study by online recruitment service Job Korea revealed that 56.1 percent of young adults in their 20s and 30s (1,061 individuals) considered themselves to be part of the Kangaroo Generation – those that depend on their parents either financially or psychologically, despite being beyond the typical age [...]
SEOUL, Oct. 24 (Korea Bizwire) – One out of every two college students believe job market conditions have worsened this year, while more than half of would-be jobseekers said they wanted to work for a large firm or a public enterprise, a survey showed Monday. In the survey conducted by the Federation of Korean Industries [...]