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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 [...]

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 [...]

S. Korea’s 2020 Growth Ranks 3rd Among Major Nations

S. Korea’s 2020 Growth Ranks 3rd Among Major Nations

SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s economic growth rate ranked third among major economies across the globe in 2020 despite an on-year contraction due to the coronavirus pandemic, data showed Tuesday. Asia’s fourth-largest economy contracted 1 percent last year from a year earlier, but it posted the third-best performance among 15 major nations, [...]

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

SEOUL, Dec. 9 (Korea Bizwire) — South Korea invested almost 90 trillion won (US$83 billion) in research and development (R&D) last year, making it the fifth-largest spender among members of the Organization for Economic Cooperation and Development (OECD), the ICT ministry said Wednesday. The South Korean government and the private sector’s total R&D spending in [...]