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South Korean Youth Shift Job Preferences as Public Sector Loses Appeal

South Korean Youth Shift Job Preferences as Public Sector Loses Appeal

SEOUL, Jul. 17 (Korea Bizwire) – For the first time in 18 years, private sector jobs have surpassed government positions as the most sought-after career path among South Korean youth, according to a new government report. The shift comes as young job seekers face increasingly lengthy periods of unemployment, with the average time to secure a [...]

Public Sector Cut Greenhouse Gas Emissions by Over 20 pct in 2019

Public Sector Cut Greenhouse Gas Emissions by Over 20 pct in 2019

SEOUL, Aug. 8 (Korea Bizwire) — South Korea’s public sector reduced its greenhouse gas emissions by more than 20 percent last year from its target volume, the Ministry of Environment said Saturday. According to the ministry, annual greenhouse gas emissions by 782 government and state-funded institutions amounted to 3.98 million tons of CO2 equivalent in [...]

Korea to Put Premium on Meritocracy in Public Sector’s Wage System

Korea to Put Premium on Meritocracy in Public Sector’s Wage System

SEJONG, Jan. 18 (Korea Bizwire) – South Korea’s finance ministry said Sunday it will streamline the country’s public sector by eliminating overlapping operations and expand merit-based payment to encourage healthy competition. The measures are part of the Park Geun-hye administration’s second-phase normalization plan for the public sector. Policymakers take credit for reducing debts by 24.4 [...]