SEOUL, April 29 (Korea Bizwire) — After the presidential transition team confirmed plans to raise soldiers’ monthly salary to 2 million won (US$1,574), a group of low-ranking public servants made a strong appeal to improve their labor conditions. “All of the nation’s public servants work hard and have tough times today due to COVID-19,” said [...]
SEOUL, Feb. 25 (Korea Bizwire) — Women working in the field of web-based platforms earn less than 80 percent of what men typically earn for similar work, a government report said Thursday. The state-run Korea Employment Information Service conducted a survey of 1,023 web-based platform workers in September and October of last year, which showed [...]
SEOUL, Feb. 21 (Korea Bizwire) — The average monthly salary of wage earners rose 3.6 percent on-year in 2020 from a year earlier despite the COVID-19 pandemic, a government report showed Monday. South Korean wage workers earned a monthly average of 3.2 million won (US$2,669) in December 2020, up from 3.09 million won a year [...]
SEOUL, Sept. 30 (Korea Bizwire) — A survey showed that South Korea’s MZ generation workers, those in the their 20s and 30s, are putting more emphasis on annual salary rather than corporate value or job security when choosing a job. Recruiting platform Saramin conducted a survey of 1,865 workers in their 20s and 30s on [...]
SEOUL, April 2 (Korea Bizwire) — Experts say that the reason why the gap between salary levels increases as employees get older is not because of labor productivity but because of an individual’s level of education at the time of initial employment. Wage inequality typically grows over time among male workers of similar ages, mainly [...]
SEOUL, Feb. 21 (Korea Bizwire) — While it takes an average of 10 years for workers at a large company to reach a salary of 70 million won (US$58,150) per year, it has been confirmed that employees of small and mid-sized companies have to work for more than 25 years to reach a similar salary [...]
SEOUL, Jul. 17 (Korea Bizwire) — A recent survey found that despite being employed, many TV writers fail to receive wages, and because of this, many even apply for loans. According to a survey of 452 broadcasting writers conducted by the National Union of Media Workers (NUM), less than half of the writers received planning [...]
SEOUL, May 7 (Korea Bizwire) — Celltrion Healthcare Co., an affiliate of major biopharmaceutical firm Celltrion Inc., had the highest average salary among listed firms in South Korea in 2018, data showed Tuesday. Celltrion Healthcare, which handles Celltrion’s overseas business, paid its 130 employees an average 241 million won (US$206,000) last year, up 78.5 percent [...]
SEOUL, Aug. 30 (Korea Bizwire) — A new study has revealed that the average monthly income this year for software engineers was 6.29 million won, a rise of 4.6 percent from last year. This is according to the Korea Software Industry Association (KOSA), which released the results of a study regarding salaries of software engineers [...]
SEOUL, Jul. 12 (Korea Bizwire) — A new study has found that among young South Koreans earning less than 2 million won per month, few experienced a salary decrease following the increase in the minimum wage. The activist group “Youth Community Union” announced the results today after surveying 255 individuals between 19 and 39 years [...]