SEOUL, May 26 (Korea Bizwire) – The rate of increase in the number of temporary workers has been slowing across age groups except for those in their 60s and older, a study showed on Thursday. According to the study from the Korea Labor Institute, the number of non-permanent job holders had increased by 174,000 year-over-year by November [...]
SEOUL, May 23 (Korea Bizwire) – The prolonged economic slowdown and corporate restructuring have pushed some of Korea’s top 100 listed companies to trim their workforces. According to chaebul.com, as of March 2016, the number of employees at 51 of top 100 Korean listed companies had decreased from the end of last year. The total [...]
SEOUL, May 20 (Korea Bizwire) – Seoul’s 10-million population mark is on the verge of collapsing due to a continued exodus. Higher inflation rates and a sustained decline in employment rates are driving people to leave the capital. According to Statistics Korea, a total of 23,885 people left Seoul in the first quarter of this [...]
ULSAN, May 16 (Korea Bizwire) – Although countless workers have been laid off amidst the economic slump plaguing Korea, specialized technicians serving in a number of important industries are prospering. Among them are ambidextrous welders at industrial plants, and technicians who smooth-bend and straighten thick metal plates in the shipbuilding industry. Joon-rak Lee is an [...]
SEOUL, May 12 (Korea Bizwire) – More than 90 percent of South Korean women in their latter 30s, now economically inactive, had been previously employed, a report said Thursday, a finding that supports arguments that they are leaving the workforce to care for child and family. According to the report from the Korea Employment Information [...]
SEOUL, April 26 (Korea Bizwire) – With Korean companies hiring fewer and fewer employees due to the prolonged economic downturn, the newly-unemployed are discovering that obtaining new employment is increasingly difficult, and as such, it is taking them longer to find new jobs. According to Statistics Korea’s Q1 numbers released on Monday, there were 112,000 [...]
SEJONG, March 16 (Korea Bizwire) – South Korea’s youth jobless rate surged to an all-time high of 12.5 percent in February, a government report said Wednesday, underlying the growing number of college graduates failing to land jobs due to the sluggish economy. Statistics Korea said the nation’s overall jobless rate stood at 4.9 percent last [...]
SEOUL, March 15 (Korea Bizwire) - South Korea’s high youth unemployment could persist for a while, as Japan’s did, a local think tank warned Tuesday. Asia’s fourth-biggest economy seems to be following in Japan’s footsteps when it comes to the growth trend and demographics, according to a report authored by Ryu Sang-yoon, a senior analyst [...]
SEOUL, Feb. 29 (Korea Bizwire) – The number of college graduates outside the labor force has more than doubled over the past 15 years due to a rise in those who gave up looking for jobs amid a prolonged economic slump, government data showed Monday. South Korean college graduates who are neither employed nor unemployed [...]
SEOUL, Feb.2 (Korea Bizwire) – Unemployment in Korea is becoming worse year after year. The unemployment rate peaked last year at 9.2 percent. Influenced by the phenomenon, 222,650 young Koreans applied to take the national civil service exams, an all-time high in the number of applicants. The job market is as frozen as the recent [...]