SEJONG, May 1 (Korea Bizwire) — According to Statistics Korea, 49.5 percent of the 18,945,000 paid workers in Korea earned less than 2 million won (US$ 1,862) per month in 2014, while 12.3 percent earn more than 4 million won (US$ 3,724). Specialized and scientific workers, and financiers and insurance workers were the most likely [...]
DAEJEON, Apr. 22 (Korea Bizwire) — The SNS sphere is roiling with anger at a restaurant owner who gave an ex-employee back pay in five big bags of 10 won coins. According to an April 21 statement from the Daejeon agency of the Ministry of Employment and Labor (MOEL), the restaurant owner in Chungcheongnam-do appeared [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Thursday it has decided to freeze pay for its employees for 2015, as the world’s No.1 handset maker struggles to bounce back from a slump in its mainstay mobile business that ate into overall profits. A Samsung official earlier told [...]