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S. Korean Companies Locked in Fierce Competition for the Brightest Workers

S. Korean Companies Locked in Fierce Competition for the Brightest Workers

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 [...]

Competition to Join ROK Army as Non-Commissioned Officer Reaches 8.5 to 1

Competition to Join ROK Army as Non-Commissioned Officer Reaches 8.5 to 1

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 [...]

S. Korean Conglomerates Hire Less despite More Assets: Data

S. Korean Conglomerates Hire Less despite More Assets: Data

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 [...]

Big Data Analysis Reflects on the Struggles of Young Job Seekers

Big Data Analysis Reflects on the Struggles of Young Job Seekers

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 [...]

Korean Industries on High Alert as China Pursues Korean S-Class Talent

Korean Industries on High Alert as China Pursues Korean S-Class Talent

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 [...]

Small and Medium-Sized Businesses Struggle to Find New Recruits

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 [...]

AirAsia Criticized for Unusual Recruiting Methods

AirAsia Criticized for Unusual Recruiting Methods

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 [...]