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OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]

OECD Korean Office to Begin Mediation over Chanel Korea’s Alleged Labor Rules Violation

OECD Korean Office to Begin Mediation over Chanel Korea’s Alleged Labor Rules Violation

SEOUL, April 8 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) on Friday said it has decided to begin mediation procedures between Chanel Korea’s labor union and management over the company’s alleged violation of labor acts and human rights. In December last year, employees of the French luxury [...]

S. Korea Has 3rd-highest Ratio of NEET Youth Among OECD

S. Korea Has 3rd-highest Ratio of NEET Youth Among OECD

SEOUL, Dec. 13 (Korea Bizwire) — South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October [...]

S. Korea Has OECD’s Highest Excess Mortality Rate for Bipolar Disorder

S. Korea Has OECD’s Highest Excess Mortality Rate for Bipolar Disorder

SEOUL, Nov. 30 (Korea Bizwire) — The excess mortality rate of individuals suffering from bipolar disorder in South Korea turned out to be the highest among the Organization for Economic Cooperation and Development (OECD) member states, the health ministry said Monday. Excess mortality rate is a mortality rate of a certain disease in relative terms [...]

S. Korea’s Employment Rate of University Grads Ranks Low Among OECD

S. Korea’s Employment Rate of University Grads Ranks Low Among OECD

SEOUL, Nov. 18 (Korea Bizwire) — South Korea ranks low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the employment rate for university graduates due mainly to a severe mismatch between their majors and job openings, a report showed Thursday. The employment rate for South Koreans aged 25-34 with [...]

OECD Ups 2021 Growth Outlook for S. Korean Economy to 4 pct

OECD Ups 2021 Growth Outlook for S. Korean Economy to 4 pct

SEOUL, Sept. 21 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) on Tuesday raised its 2021 growth outlook for the South Korean economy to 4 percent, amid the country’s strong exports and fiscal support. The latest outlook is a 0.2 percentage-point rise from its May estimate of 3.8 percent growth for Asia’s [...]

S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

SEOUL, Sept. 17 (Korea Bizwire) — South Korea has larger class sizes and lower employment rates among the highly educated than Organization for Economic Cooperation and Development (OECD) averages, the education ministry said Friday. According to the latest edition of the OECD’s “Education at a Glance,” released by the Ministry of Education, elementary and middle [...]