SEOUL, Feb. 13 (Korea Bizwire) – Korea’s youth unemployment rate is skyrocketing to unprecedented levels, and the unemployment rate for workers between the ages of 15 to 24 has surpassed that of the U.S. for the first time in 16 years. Even amidst the global economic recession, youth unemployment in most advanced countries has partially [...]
SEJONG, Jan. 23 (Korea Bizwire) – The number of unemployed people, when the definition is increased to include those who are studying or training to get a job, reached 4.53 million last year, state statistics showed Monday. While the official number of unemployed last year was 1.01 million, the “real” number that counts these people [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top 100 large-cap companies have cut more than 7,000 jobs in 2016, data showed Monday, as they are reluctant to hire new employees amid the economy’s prolonged sluggishness. According to the data by market tracker Chaebul.com, the leading companies had a combined 861,578 employees as of the [...]
SEOUL, Dec. 26 (Korea Bizwire) – A growing number of unmarried persons are starting their own businesses apparently due to a lack of jobs, a report suggested Monday, noting the jobless rate of young people has remained record high. According to the report from Statistics Korea, 12.2 percent of all single men were self-employed as [...]
SEOUL, Dec. 21 (Korea Bizwire) – It seems as though finding a job in Korea is getting tougher by the year. In a recent survey of 2,653 job applicants by Saramin, an online recruitment platform, 79.3 percent of the respondents said the job search process was more difficult during the second half of this year. [...]
SEOUL, Dec. 9 (Korea Bizwire) – Four out of 10 job seekers in their 20s and 30s have prepared for state tests to become a civil servant, a poll showed Friday, a sign that government jobs are popular in South Korea amid growing job insecurity. The leading online job search portal JobKorea said its poll [...]
SEOUL, Dec. 6 (Korea Bizwire) – The road to employment is more arduous than ever for young South Koreans with the country’s youth unemployment rate (aged 15 to 29) reaching record levels, naturally leading to more companies hiring older workers for entry level positions. According to recruitment web portal Saramin, 84.9 percent of 649 surveyed [...]
SEJONG, Nov. 30 (Korea Bizwire) – The South Korean government said Wednesday that it will expand a program to help young job seekers find jobs at small and mid-sized enterprises (SMEs) and create assets in a way to tackle the country’s high youth unemployment rate. Under the program, which was initiated in April, an SME [...]
SEOUL, Nov. 18 (Korea Bizwire) – The quality of life for South Koreans ranks 47th in the world, as the country’s economic stature is undercut by long working hours and unemployment, a local report said Friday. The annual report from the Institute for International Trade (IIT), a research arm of the Korea International Trade Association, [...]
SEJONG, Nov. 14 (Korea Bizwire) – The number of people preparing to seek jobs, a group that some economists see as the same as unemployed, increased to a record level for the month of October, according to Statistics Korea on Monday. The would-be job seekers are different from the unemployed in that they are not [...]