The jobless rate was the lowest since data was published in June 1999, down from July’s jobless rate of 3.3%.
The proportion of listed companies that performed job cuts was down 51.4% from a year earlier, riding on expectations for an economic recovery.
The government also aims to create 4,500 green venture companies specialising in eco-friendly alternative materials and renewable energy.
The gender wage gap, which measures the rate of men’s average pay to that of women, measured 35.9% in 2020.
A survey found that over 43% of companies did not see their level of productivity affected by remote work.
As of end-April, employment in South Korea's minor cities and counties rose by 3.6% year-on-year as the economy continues to recover.
In the region, Australia recorded 1,683 hours per annum, while New Zealand logged 1,739 hours in the year.
The annual wage for employees in South Korea posted US$41,960 on average in 2020, compared to the OECD average of US$49,165.
COVID-19 curbs slowed down job growth in July, although the country reported job additions for its fifth consecutive month.
The new rate will take effect on 1 January 2022, translating to a monthly wage of 1.91 million won (US$1,672), and will apply across all industries.
The 34.9-trillion-won (US$30.5-billion) supplementary budget should be disbursed swiftly to pandemic-hit businesses and people.
About 68.1% of South Koreans aged between 55 and 79 said they would want to work till an average age of 73, health permitting.
Those in their 20s and 30s accounted for 46.8% of the total discouraged workers in June, up 8.2 percentage points from the year before.
Some 859,000, or 19.1% of 4.49 million economically inactive people aged 15 to 29 were preparing for job exams in May.
Statistics Korea’s data showed that it takes an average of 10.1 months for Koreans aged between 15 and 29 to land their first job.
This comes after the country’s minimum wage commission set the new minimum wage rate at 9,160 won (US$7.94) per hour for 2022.
In June, the country added 582,000 jobs year-on-year, marking four consecutive months of growth in employment numbers.
The Minimum Wage Commission (MWC) has set the country’s minimum wage for next year at 9,160 won (US$8) per hour.
South Korea ranks 30th place out of 36 OECD countries, and falls behind Japan, New Zealand, and Australia.
Employer groups are opposing a new law that will allow CEOs to be punished, even by imprisonment, for serious workplace disasters.
Between January and April this year, entrepreneurs aged 30 and under started 59,000 enterprises over the period, an increase of almost 20% year-on-year.
A large portion of the extra budget will be used to support small businesses, provide cash handouts to households and help struggling job seekers.
Companies with five or more permanent staff are planning to hire 24% more employees in the six-month period ending this September.
From July, more employees, including those hired under special contracts, will be covered under the state employment insurance scheme.
The Minimum Wage Commission reported that the current minimum hourly wage rate of 8,720 won (US$7.69) is not sufficient to cover the cost of living.
Companies employing between five and 49 workers will have to comply with the 52-hour work week by next month.
Small businesses in the country have asked for more time to prepare for the 52-hour work week, which is set to be implemented next month.
Workers at chip and electronic companies may be vaccinated to reduce disruptions to the production of computer chips which are in short supply globally.
Those receiving job-seeking benefits totalled 704,000 in May, in line with a downward trend of 759,000 in March, and 739,000 in April.
The government will soon pass a bill that will provide workers with extra days off should a public holiday fall on a weekend.