SEOUL, Aug. 25 (Korea Bizwire) — The employment of wage workers in South Korea grew at a slow pace in the first quarter of 2023 amid an economic slowdown, and two out of three newly added jobs were for senior citizens, data showed Friday. The number of paid employee jobs came to 20.21 million in [...]
SEJONG, May 26 (Korea Bizwire) — South Korea added 491,000 jobs for wage workers in the fourth quarter of 2022, data showed Friday, led by the construction and manufacturing sectors. The number of paying jobs came to 20.45 million in the October-December period, up from 19.96 million tallied a year earlier, according to the data [...]
SEOUL, March 28 (Korea Bizwire) — Debt held by South Korean wage workers in their 20s jumped 15 percent on-year in 2021, much higher than 7 percent growth on average for all wage workers, data showed Tuesday. Bank and nonbank loans extended to paid workers in the country averaged 52.02 million won (US$40,107) per person [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea added 597,000 jobs for wage workers in the third quarter of 2022, data showed Friday, led by higher demand from the welfare, construction and manufacturing sectors. The number of paying jobs came to 20.19 million in the July-September period, up from 19.59 million tallied a year earlier, [...]
SEJONG, Nov. 24 (Korea Bizwire) — South Korea added 628,000 jobs for wage workers in the second quarter of 2022 amid the recovery of the services and construction sectors amid eased COVID-19 restrictions, data showed Thursday. The number of paid employee jobs came to 20.2 million in the April-June period, up from 19.57 tallied a [...]
SEOUL, Sept. 15 (Korea Bizwire) — Around 45 percent of household heads over 65 years of age engaged in wage worker earn less than 1 million won (US$717) each month, data showed Wednesday. Statistics Korea reported that 44.6 percent of wage workers over 65 years of age make less than 1 million won in labor [...]
SEOUL, Aug. 25 (Korea Bizwire) — The employment of wage workers in South Korea achieved record high growth during the first quarter as the job market has recovered from the impact of the pandemic, data showed Thursday. The number of paid employee jobs came to 19.75 million in the cited period, up 752,000 from a [...]
SEOUL, May 26 (Korea Bizwire) — Employment of wage workers in South Korea grew at a slower clip in the fourth quarter of 2021 compared with three months earlier amid the prolonged COVID-19 pandemic, data showed Thursday. The number of paid employee jobs came to 19.97 million in the fourth quarter, up 376,000, from a [...]
SEJONG, March 29 (Korea Bizwire) — Debt held by wage workers in South Korea grew at a much faster pace in 2020 from a year earlier amid the fallout from the coronavirus pandemic, data showed Tuesday. Bank and non-bank loans extended to paid workers in Asia’s fourth-largest economy averaged 48.6 million won (US$39,800) per person [...]
SEOUL, March 9 (Korea Bizwire) — South Korean wage workers retire at an average of 49.3 years old, more than half of whom are forced to opt for early retirement, a report said Tuesday. Mirae Asset Investment and Pension Center said that according to Statistics Korea reports, the average age of retirement among those between [...]