recession Archives | Be Korea-savvy
Applicants for Street Cleaning Work Turn Out in Droves as Job Market Plunges

Applicants for Street Cleaning Work Turn Out in Droves as Job Market Plunges

GUMI, SOUTH KOREA, March 9 (Korea Bizwire) — The Gumi City government saw more than two hundred people apply for a number of public area cleaning job openings after it began taking applicants. Of the 239 candidates, nearly one hundred had a university degree or more while 131 were high school graduates. A mere 14 people [...]

President Park Says Innovation Is at the Heart of Survival Strategy

President Park Says Innovation Is at the Heart of Survival Strategy

SEOUL, May 17 (Korea Bizwire) – South Korea should relentlessly seek a “path of innovation” rather than resting on its past laurels, President Park Geun-hye said Tuesday, underscoring that innovation is at the core of the country’s survival strategy amid a global economic slowdown. During a forum in Seoul, Park highlighted that South Korea has [...]

S. Korean Retailers Launch Sales to Woo Shoppers

S. Korean Retailers Launch Sales to Woo Shoppers

SEOUL, Jul. 27 (Korea Bizwire) — Massive sale events are in swing at South Korean department stores, hypermarkets and duty-free shops in their latest attempt to win back shoppers as consumer sentiment remains dim following the Middle East Respiratory Syndrome (MERS) outbreak, market watchers said Sunday. Lotte Department Store, the country’s biggest department store chain, [...]