The country sees an increase in paid employees this year, but also sees a decline in hiring younger employees in their 20s or younger.
The increase in female employment in South Korea has been attributed to more women returning to the workplace after the pandemic.
Research focusing on the US and South Korea shows the mitigating effects of toxic leaders on employees and their initiative to act.
Over 9.3 million South Koreans aged 55 to 79 are defying retirement, with the highest labour force participation since 2005.
South Korea’s Minister of Employment and Labour has urged firms to be ready for new technologies and has pledged more support for employees.
South Korea saw its employment rise for the second consecutive month this year, with a 1.1% increase in employment from the year before.
As South Korea’s elderly population surges, financial hardship is becoming a pressing issue, particularly among those aged 65 or older.
Foreign employee expansion and flexible regulations have reduced job vacancies in South Korea, with younger generations most impacted.
Receiving inappropriate comments and not being valued for their work are some of the pervasive challenges faced by women.
While the number of women employed in South Korea was at an all-time high last year, the gender income gap has still not been addressed.
Instead of fielding intrusive and unnecessary questions to job applicants, recruiters should focus on experience sharing.
The country’s total workforce now numbers 28.68 million, as the unemployment rate fell to 2.7% in July, the lowest recorded since 1999.
The country’s workforce is ageing rapidly, with the mean average age projected to reach 50 by 2030 and 53.7 by 2050, surpassing the OECD average.
The minimum wage has been set at 9,860 won (US$7.80), resulting in a monthly salary of nearly 2.07 million won (US$1,638) for employees.
Despite a general shift towards a better work-life balance, employees in South Korea find themselves working longer hours than in other countries.
As of June 2023, there are 1.91 million salaried women in their 60s in South Korea, which has contributed to a rise in female employment rates.
The electronics conglomerate is spearheading an initiative towards a paperless work environment within the office to boost sustainability.
South Korea’s minimum wage hike may result in significant job losses, especially among young and low-income employees, a lobby group has warned.
While the employment rate continues to hit record high, new job additions in the country slowed down for a second consecutive month.
The move is in line with the multinational electronics corporation’s effort to improve work-life balance and provide more flexibility for employees.
Women in their 30s are making up higher numbers in South Korea’s working population, while numbers of men in the same age group are declining.
In the last two years, 84 cases have been filed to the labour ministry regarding prying questions asked during work interviews that violate privacy.
To prevent information leaks resulting from the misuse of ChatGPT, education campaigns have been launched to inform employees of potential risks.
Younger public employees prefer to eat alone and are less receptive to communal lunch gatherings, while senior public employees seek solitude.
Many employees have opposed the Ministry of Employment and Labour's proposal to increase the weekly maximum work hours to 69 hours.
Criticism and doubts have been raised over the feasibility of longer work hours and vacations in a proposal pushing for a new working hour system.
Plans to revise the current 52-hour workweek will afford employees more control over how they manage their working hours.
The new system involves two 12-hours shifts followed by multiple days offs, without adding to employees’ overall working hours.
Job growth in South Korea hit a two-year low in January 2023 with 411,000 jobs added, marking the smallest on-year growth since March 2021.
The diet policy aims to minimise greenhouse gas emissions while using eco-friendly materials in the organisation’s cafeterias.
