SEOUL, Apr. 3 (Korea Bizwire) – In a bold move to fortify its Artificial Intelligence (AI) chip development capabilities, Samsung Electronics has set its sights on securing top-tier AI talent, offering base salaries starting at an impressive 500 million won (approximately $420,000). This initiative underscores the tech giant’s commitment to reinforcing its AI semiconductor division amidst [...]
SEOUL, Sept. 9 (Korea Bizwire) — Companies that are reducing the number of new hires they make this year are competing fiercely to recruit top-notch talent. Having the CEO participate in the recruitment process is becoming more common, and the introduction of artificial intelligence (AI) in the hiring process is also becoming popular. LG Chem [...]
SEOUL, Aug. 29 (Korea Bizwire) — The Republic of Korea Army (ROKA) said on August 27 that the first recruitment for long-term Non-Commissioned Officers(NCOs) drew 2,155 applicants for 255 vacancies – each applicant having an average of 8.5 competitors. According to army officials, the longer service period coupled with the worsening job market have boosted [...]
SEOUL, Dec. 16 (Korea Bizwire) – Despite the somber statistic that only 38 percent of startups survive for more than three years, starting one’s own company is still a dream for many Koreans. So what do these companies seek when hiring employees to share their vision with? In a recent government study, 77.7 percent of [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s 10 biggest companies have contributed less to the nation’s employment sector, although their assets have grown, data showed Sunday. According to the data compiled by market researcher Chaebol.com, their assets totaled 1,144.4 trillion won (US$1,000 billion) last year. This accounts for 27.22 percent of all assets for [...]
SEOUL, Oct. 18 (Korea Bizwire) – Marketing firm Innocean Worldwide’s latest big data analysis categorized the lifestyle of jobseekers into three keywords: relationship, relief, and location. The study was based on an analysis of some 600,000 social data records related to youth employment on online communities. According to Innocean, words related to study groups (for [...]
SEOUL, Aug. 5 (Korea Bizwire) – China’s fast growth has been both a boon and a bane to the Korean economy. While Korea has grown heavily dependent on Chinese consumption, China’s rapid development has also threatened many Korean businesses, both big and small, and Korean companies that used to underrate Chinese technology and made-in-China products [...]
SEOUL, June 21 (Korea Bizwire) – For young Koreans, finding a job is becoming harder than ever. Paradoxically, however, some Korean companies are finding it hard to recruit new employees. Saramin, one of Korea’s major recruiting platforms, conducted a survey of 779 small and medium-sized companies. Of the 664 companies that had planned to hire [...]
SEOUL, May 31 (Korea Bizwire) – A Malaysian low-cost airline, AirAsia, is facing harsh criticism for its unusual recruitment procedures. AirAsia’s Korean office recently presented a special online audition as part of its flight attendant recruitment efforts. Applicants had to send a one-minute long introductory video of themselves, which the company would upload on Naver, a [...]
SEOUL, Nov.18 (Korea Bizwire) – Research suggests that a decrease in working hours for Koreans, who currently work longer hours than almost anybody in the developed world, would lead to a drastic increase in the number of jobs created. At the Employment Impact Assessment Debate hosted by the Ministry of Employment and Labor and the [...]