SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]
SEOUL, Feb. 28 (Korea Bizwire) — The increasing adoption of industrial robots centered on labor-intensive and dangerous work could reduce the share of human workers in the overall workforce, thus lowering the number of workers injured by occupational accidents, a central bank report said Monday. Kim Hye-jin, an economist at the Bank of Korea (BOK), [...]
SEOUL, May 17 (Korea Bizwire) — Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country’s main and minor bourses showed [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea is predicted to see its working age population shrink by a whopping 3.2 million during the 2020-2030 period amid the country’s graying demographics, a government labor report showed Thursday. The estimate of people aged 15-64 would represent a turnaround from a growth of 1.17 million between 2010 [...]
PLEASANTON, Calif., Oct. 12 (Korea Bizwire) — A positive learning culture is directly linked to greater organizational agility, faster revenue growth, and increased employee engagement. These are some findings from Degreed’s How The Workforce Learns 2021 report, which unpacks the value of positive workplace learning experiences at a time when business leaders are grappling with challenges like the [...]
SEOUL, May 26 (Korea Bizwire) — Large companies in South Korea cut their workforce nearly 1 percent in 2020 from a year earlier in the wake of the coronavirus pandemic, a corporate tracker said Wednesday. According to CEO Score, 309 out of the country’s top 500 corporations had a combined headcount of 1,203,835 as of [...]
SEJONG, Jan. 15 (Korea Bizwire) — Artificial intelligence (AI) will have replaced more than half of all business workforce and tasks in 20 years, a state-run think tank said Thursday. The Korea Development Institute conducted a survey of 1,000 businesses employing more than 20 workers, both large and small, many of which expected that AI [...]
SEOUL, Oct. 29 (Korea Bizwire) — The number of people working in the restaurant and hotel sectors dropped by 165,000 last month from a year earlier due to a resurgence of the coronavirus, government data showed Thursday. The Ministry of Employment and Labor said the number of people employed in facility management, which includes the [...]
SEOUL, Sept. 30 (Korea Bizwire) — Six in 10 South Koreans support a proposed extension of the legal retirement age, currently set at 60, to 65, a poll showed Monday. The poll of 1,539 adults aged 19 to 64 conducted by the Korea Institute of Public Administration from Sept. 2-11 found that 61.1 percent are [...]