SEOUL, Jan. 13 (Korea Bizwire) — The proportion of unemployed people aged 25-29 in South Korea has ranked the highest among member nations of the Organization for Economic Cooperation and Development (OECD), a report showed Monday. According to the report by the Bank of Korea (BOK), the 25-29 age bracket accounted for 21.6 percent of [...]
SEOUL, Jan. 2 (Korea Bizwire) — It’s 4 a.m. in the morning, and street cleaner Lee Seong-hyeong, 22, is already out for work. It takes another hour to change into a working uniform, bring out all necessary equipment and begin official duties at 5 a.m. Despite the cold at -6 degrees celsius, Lee is soon [...]
SEOUL, Mar. 10 (Korea Bizwire) — Job openings in South Korea dropped to an 88-month low on the last working day of January, a clear testament to the difficulties facing people trying to find work, state statistics showed Sunday. The Korean Statistical Information Service said that nationwide job openings for businesses with one or more [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s jobless numbers in the third quarter surpassed the 1 million mark for the first time since the country struggled with the fallout of the Asian financial crisis, government data showed Sunday. Numbers released by Statistics Korea showed the average monthly unemployment stood slightly over 1.06 million in [...]
SEOUL, Sept. 13 (Korea Bizwire) – The frozen job market in South Korea is showing no signs of thawing. Disappearing part-time jobs at restaurants, wholesale and retail businesses are deteriorating the outlook for young people, as unemployment approaches the rock bottom felt during the financial crisis in the late 1990s. The employment data for August [...]
SEJONG, Aug. 22 (Korea Bizwire) — Unemployment numbers for the 25-39 age group, which normally represents new entrants to the job market, were at their highest in 19 years last month, state data showed Wednesday. The number of people without jobs in the age group hit 338,000 in July, the highest since 434,000 tallied in [...]
SEOUL, Aug. 17 (Korea Bizwire) — The number of jobs created in July fell to the lowest levels in over eight years, as Asia’s fourth-largest economy struggles with the fallout of corporate restructuring and stagnant domestic demand, data showed on Friday. The poor showing is a hard blow to the incumbent Moon Jae-in government, which [...]
SEOUL, Oct. 20 (Korea Bizwire) – Details of a report from the Bank of Korea released October 19 indicate that the recent boom in semiconductor manufacturing for domestic companies has led to increased plant and equipment investment, while employment figures remain nearly constant. The report identified the periods between the fourth quarters of 2002 and [...]
SUWON, Aug. 17 (Korea Bizwire) – Speaking on youth unemployment and the difficulties small and medium-sized businesses face in hiring and retaining new employees, Gyeonggi Governor Nam Gyeong Pil unveiled a number of policy proposals that would seek to resolve both issues. There were three chief proposals for those ages 18 through 34 in his [...]
SEOUL, Jul. 30 (Korea Bizwire) — The number of newborn babies in South Korea is expected to be around 360,000 for all of 2017, data showed Sunday, marking the first time for the figure to fall below 400,000. According to the data compiled by the country’s health ministry and statistics agency, the number of newborn [...]