SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]
SEOUL, Apr. 11 (Korea Bizwire) — Most freelance workers in South Korea are poorly paid, with almost 50 percent earning less than the minimum wage. According to a survey conducted by the Seoul Metropolitan Government, the average monthly income among freelancers stood at 1.529 million won, falling just short of 1.57 million won, the monthly income [...]
SEOUL, April 11 (Korea Bizwire) — A new survey has found nearly 1 in 5 South Korean part-time workers are getting paid less than the nation’s minimum wage. According to the results of a survey conducted by part time job search portal Alba Heaven, over 20 percent of respondents worked for an hourly wage that was [...]
SUWON, Jan. 19 (Korea Bizwire) – More than 100 people responded to a job advertisement for café staff the day the it was posted. An individual referred to only as Hwang, who owns a café in Suwon, was surprised to learn that an online job ad he placed on recruiting website Albamon this month saw dozens [...]
SEOUL, Dec. 22 (Korea Bizwire) — Four out of every five self-employed people said the hike in the minimum wage could cut the number of part-timers next year, a survey showed Friday. The minimum wage is set to rise to 7,530 won (US$7) per hour next year, up 16.4 percent from the current 6,470 won. [...]
SEOUL, Oct. 18 (Korea Bizwire) — The Moon Jae-in administration will have to spend over 7.3 trillion won (US$6.4 billion) in the 2018-2020 period to subsidize the raising of the country’s minimum wage to 10,000 won ($8.8) per hour, a report said Wednesday. The Moon government said in July it will raise the minimum wage [...]
SEOUL, Aug. 8 (Korea Bizwire) — A majority of part-time workers expect they will be replaced by kiosks due to the rise in minimum wage, with those working at restaurants and cafes expressing the most concern, a portal survey said Tuesday. Alba, a portal for job seekers, asked 644 members between July 27 and Aug. [...]
SEOUL, Aug. 2 (Korea Bizwire) — More than 90 percent of small merchants plan to lay off workers because of the expected minimum wage increase next year that is disapproved by nearly all of them, a survey showed Wednesday. In the survey carried out by the Korea Federation of Micro Enterprise from July 21-28, 92.4 [...]
SEOUL, Jul. 28 (Korea Bizwire) — A business lobby representing small-sized businesses on Friday filed a complaint against the government’s decision on next year’s minimum wage hike. Earlier this month, a tripartite commission of the government, labor and management reached an agreement to increase the minimum hourly wage to 7,530 won (US$6.68) in 2018, up [...]
SEOUL, July 13 (Korea Bizwire) – July 16 is the legal deadline to set next year’s minimum hourly wage, and while members of a part-time workers organization protested for an increase to 10,000 won at Gwanghwamun Plaza Tuesday, another rally was organized by other groups that are pushing the government to freeze wages for 2017. [...]