SEOUL, June 15 (Korea Bizwire) – The number of people preparing for jobs surpassed the 700,000 mark in May for the first time ever, data showed Thursday, amid the rising unemployment among young people. The figure surged to 735,000 last month, up 13 percent from 656,000 a year earlier, the data by Statistics Korea said. [...]
SEOUL, May 24 (Korea Bizwire) – With employment stability rapidly becoming one of the most important considerations for those seeking a job, more than half of the university students and salaried workers in South Korea are eyeing the idea of becoming a civil servant. According to a recent online survey conducted by the Korea TOEIC [...]
SEOUL, May 10 (Korea Bizwire) – Amid a sluggish economy, the prevalence of late marriages and a growing cost of living, an increasing number of parents in South Korea are comfortable with the idea of having a ‘kangaroo family’, where parents support their children past university into employment, with four in ten parents now saying they [...]
SEJONG, May 8 (Yonhap) – The unemployment rate for the age group of 20s and 30s with no career experience hit a record high in the first quarter, due largely to a sluggish recruitment market and preference for hiring experienced workers, government data showed Saturday. The tally on the unemployed aged 20-39 who have never had a [...]
SEOUL, April 27 (Korea Bizwire) – Amid record youth unemployment rates mired in the double digits, the Seoul Metropolitan Government is continuing its efforts to support young people this year, with 5,000 young people between the ages of 19 and 29 set to receive 500,000 won every month from July for up to six months [...]
SEOUL, April 20 (Korea Bizwire) – The Seoul Metropolitan Government announced Wednesday that it has partnered with two additional tailors in Sinchon and Wangsimni for its free suit rental initiative starting May 22. The city launched the service last year near Konkuk University to help unprivileged job seekers amid South Korea’s rising youth unemployment rate. [...]
SEOUL, April 6 (Korea Bizwire) – Seeking stability amid stiff job competition and a prolonged economic downturn, the number of test takers for civil service jobs is skyrocketing. In 2016, there were 257,000 young Koreans (aged 15 to 29) preparing for public service examinations, up by 38.9 percent from 185,000 in 2015, and accounting for [...]
SEOUL, March 9 (Korea Bizwire) – Raising grown-up children made the top five list of retirement risks amid rising youth unemployment in Korea, increasing the financial burden on local retirees. According to the latest report on retirement, compiled by the Mirae Asset Retirement Institute, the five major risks suffered by retirees in their 50s and [...]
SEJONG, Feb. 16 (Korea Bizwire) – Last month’s youth unemployment rate (ages 15 to 29) announced by Statistics Korea Wednesday was 8.6 percent, which was a 0.9-percent drop from January 2016, and seemingly a good sign given the record high unemployment rates observed last year. Unfortunately, this was not the result of an improving labor [...]
SEOUL, Sept. 5 (Korea Bizwire) – Chuseok, also referred to as Korean Thanksgiving, is one of the two major traditional holidays in Korea with the other being Lunar New Year. It is also the time for families to visit their hometowns, meet their parents and relatives, and catch up. However, it has become a stressful [...]