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 [...]
SEOUL, Nov. 1 (Korea Bizwire) — The average salary of South Korean workers ranked mid to low among major economies last year with its growth rate over the past six years also hovering below their median, a report said Wednesday. According to the report from Rep. Park Kwang-on of the ruling Democratic Party, South Korean [...]
SEOUL, June 15 (Korea Bizwire) – Recent data shows jobseekers prefer large corporations over small and medium-sized firms not only for the pay, but also for the work-life balance and corporate culture, among other considerations. Based on an analysis of reviews of small and medium-sized firms on the website JobPlanet, a rating website for companies, [...]
SEOUL, May 26 (Korea Bizwire) – South Korean salaried workers spend nearly 70 percent of their monthly income on average, according to a new report from Nielsen Korea. The newly published Nielsen report, which was conducted with the participation of 1,000 individuals aged between 19 and 70 last month, revealed South Koreans spend on average 67 [...]