SEOUL, Mar. 11 (Korea Bizwire) – A recent study has highlighted the correlation between worsening economic conditions and higher suicide rates, emphasizing the significant impact of a 1% decrease in the employment rate on youth suicide fatalities, which rise by 1.7%. Conducted by the Korea Labor Institute, the research, titled “Economic Shocks and Suicide,” explores the [...]
SEOUL, Jan. 18 (Korea Bizwire) — About 1 in 20 young people in Seoul live in isolation or seclusion from society due mainly to difficulties in finding a job or mental problems, a survey by the city government showed Wednesday. An estimated 4.5 percent, or about 129,000, of Seoul residents aged between 19-39 were surveyed [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s unemployment rate hit an all-time low last month, but the pace of job growth slowed down for the third month in a row amid economic uncertainties, data showed Friday. The number of employed people stood at 28.41 million in August, up 807,000 from a year earlier, according [...]
SEOUL, April 3 (Korea Bizwire) — Non-regular workers have been hit harder by the economic fallout from the new coronavirus pandemic than regular workers, a survey showed Saturday. In a survey on 1,000 salaried workers aged 19 or above conducted from March 17-23 by pollster Embrain Public, 18.6 percent said they experienced unemployment since COVID-19 [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea’s job market has been severely affected by the prolonged COVID-19 outbreak. To many, the job market seems to be a deep and dark tunnel with no light in sight. In particular, with the job market for those in their 20s, which is the first step into society [...]
SEOUL, Jan. 18 (Korea Bizwire) — Over a third of non-regular workers have experienced unemployment since the new coronavirus broke out in South Korea in January 2020, a survey showed Monday. According to a survey by Embrain Public conducted on 1,000 salaried workers aged between 19 and 55 on four occasions in April, June, September [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea lost about 277,000 jobs in July, marking a decline in the number of the employed for a fifth consecutive month, as the new coronavirus pandemic strained business activities, data showed Wednesday. The country’s jobless rate rose by 0.1 percentage point on-year to 4 percent in July, with [...]
SEOUL, May 18 (Korea Bizwire) — The number of jobless South Koreans hit a record high in the first four months of the year due mainly to the coronavirus impact, a report showed Monday. Roughly 2.08 million people in the country remained unemployed during the January-April period, according to the report from Rep. Choo Kyung-ho [...]
SEOUL, April 20 (Korea Bizwire) – The government should take aggressive measures to prevent a possible jump in unemployment due to the outbreak of the novel coronavirus, a private think tank said Monday. The Korea Economic Research Institute (KERI) said it has proposed a list of 10 labor policy tasks to the labor ministry in [...]
SEOUL, April 13 (Korea Bizwire) – The amount of state allowances paid to those unemployed or seeking jobs soared to a record high of nearly 900 billion won (US$738 million) in March, data showed Monday, due largely to the negative economic impact from the coronavirus outbreak. According to the Ministry of Employment and Labor, the [...]