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 [...]
SEOUL, Oct. 17 (Korea Bizwire) – The number of South Korea’s casual employees with no guaranteed hours of work reached a five-year high in the third quarter of this year, government data showed Monday, due to a rise in time-selective jobs amid a prolonged economic slump. The number of employees who work for one hour [...]
SEJONG, Oct. 12 (Korea Bizwire) – South Korea’s jobless rate rose in September from a year earlier due mainly to a protracted slowdown in the manufacturing sector and exports, a government report showed Wednesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.2 percent tallied a year earlier, [...]
SEJONG, Oct. 4 (Korea Bizwire) – The Q2 economic activity rate (EAR) for Koreans in their twenties reached its highest level in a decade at 65.7 percent after peaking in Q4 2005 at 65.8 percent. The EAR represents the percentage of the population that constitutes the manpower supply of the labor market, both employed and [...]
SEJONG, Sept. 21 (Korea Bizwire) – The number of people who have been unemployed for more than six months in South Korea rose to a record high in August amid a persistent economic slump, data showed Wednesday. A total of 182,000 South Koreans were jobless for six months or more as of August, up 62,000 [...]
SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s jobless rate increased slightly in August from a year earlier, with the unemployment rate for young adults still remaining high amid a prolonged economic slump, a government report showed Tuesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.5 percent [...]
SEOUL, Aug. 12 (Korea Bizwire) – The South Korean government plans to offer up to 600,000 won (US$543) to young job seekers as part of a broader package to tackle youth unemployment and prop up growth, officials said Friday. To those under the age of 34, who are “actively” seeking jobs, the government plans to [...]
SEOUL, July 28 (Korea Bizwire) – An increasing number of college applicants are applying to police academies and military schools. The unrelenting economic downturn, leading to prolonged low employment rates for college graduates, has led more youth to consider a career in the military or as a police officer, both of which are seen as [...]