SEOUL, Jul. 20 (Korea Bizwire) — A new survey shows nearly 8 out of 10 employers are considering downsizing staff after the country’s new minimum wage of 7,530 – set to kick in next year – was announced last weekend. Findings from the survey on the new minimum wage released by recruitment website Alba Heaven [...]
SEOUL, March 31 (Korea Bizwire) — Small to medium manufacturers’ management conditions are getting worse in Korea, even though some of the major firms they cooperate with are seeing sales increases. According to a report published by the Korea Federation of SMEs and the Korea Institute for Industrial Economics & Trade published on March 29, the [...]
SEOUL, Jan. 1 (Korea Bizwire) — Nine out of ten Korean SMEs are not planning to raise their capital requirements this year, according to a report by the Korea Federation of SMEs. The report deals with 300 SMEs in Korea, and only 10 percent of those surveyed said that they are going to increase their [...]