SEOUL, April 19 (Korea Bizwire) – Some South Korean liberal groups are calling for the redistribution of wealth accumulated by Korea’s top 30 companies, citing the growing gap between the rich and poor that is devastating the middle class. At a protest held yesterday, liberal activists from groups like Korean Confederation of Trade Unions and [...]
SEOUL, March 2 (Korea Bizwire) – The wage gap between South Korea’s small and medium enterprises (SMEs) and conglomerates expanded on-year in 2015, data showed Tuesday, reflecting the growing imbalance in compensation among salaried workers. According to the data compiled by the Ministry of Employment and Labor and Statistics Korea, employees at smaller companies only made 62 percent of [...]
SEJONG, May 19 (Korea Bizwire) — South Korean female workers lagged far behind their male counterparts in wages in 2013, government data showed Tuesday, highlighting a deep gender gap in the country’s workforce. The average salary of a female worker reached 21 million won (US$19,200) in 2013, just 57.5 percent of what a male counterpart [...]
SEOUL, April 2 (Korea Bizwire) – The wage gap between executives and ordinary workers has continued to increase dramatically in Korea, as the disparity in salaries at the top 30 listed companies reached up to 142 times last year. According to FNGuide, a financial information provider, Samsung Electronics topped the wage disparity among the 30 largest [...]