South Korea unveils US$29 billion stimulus budget
Saving jobs is one of the key objectives of the third supplementary budget released by South Korea this year.
Japan dominates most expensive cities for expats
Japan has been ranked one of the most expensive countries for expats after four of its cities took up top spots in the latest global charts.
Clock is ticking on Korea’s shorter working week
Small firms may not be ready for new measures to shorten the maximum weekly working hours from 68 hours to 52.
South Koreans use technology to fight workplace bullies
Spy gadgets are rising in popularity to record abuse and harassment by bosses following changes in law.
South Korea to punish business owners as bullying becomes rife
South Korea has moved to hold business owners more accountable for bullying within their workplaces.
Korea mulls tax perks for firms that create more jobs
South Korean companies that create jobs from partnerships with municipal governments will receive incentives from the government.
South Korean graduates face jobs scarcity
South Korean graduates are now finding it much harder to land permanent jobs, according to a survey of university students graduating later this year.
OECD urges South Korea to keep wage hikes moderate
The Organisation for Economic Cooperation and Development has warned South Korea to moderate any increases in its minimum wage.
Clark Freeport holds job fair to assist workers of Hanjin bankruptcy
Clark Freeport in the Philippines is hoping to aid ex-workers of shipyard find new employment after the recent bankruptcy of Hanjin’s local subsidiary.
Pernod Ricard Korea employees to fight staff layoffs
PRK is planning to shed more than half of its workforce of 220 employees, although it will first seek out voluntary resignations.
South Korea’s jobless rate hits its highest level since 2001
The unemployment rate in South Korea exceeded that of the US for the first time in 17 years, in 2018’s third quarter.
Almost half of South Korea’s small businesses to axe jobs in 2019
Following the revised Minimum Wage Act, which resulted in a higher minimum wage, South Korean small businesses are struggling to stay afloat.
South Korea’s bank workers to hold strike
Employees at KB Kookmin Bank, a major South Korean, are set to hold a strike on January 8 – for the first time in 19 years.
South Korean fathers to get higher paternity pay
In a bid to improve South Korea’s chronically low birthrate, the government will be increasing the monthly benefits for paid parental leave.
South Korea to employ another 56,000 foreign workers in 2019
South Korea plans to accept more foreign workers next year, with the aim of alleviating the country’s talent crunch.
South Korean firms created 310,000 new jobs in 2017
Some 170,000 of these jobs were created in companies with more than 300 employees, according to data from Statistics Korea.
Korean lawmakers urged to ease minimum wage hike
The Korea Employers Federation has asked lawmakers to ease up labour-related bills that place extra burdens on firms.
Jobless rate for South Koreans in late 20s hits highest level since 2010
The unemployment rate for Koreans in their late 20s is double that of Japan, and is at its highest since 2010.
A third of South Korea’s elderly work low-paid jobs after retirement
South Korea has a high elderly employment rate as many seniors work to help cover their living costs, with almost one-third holding low-wage jobs.
Vietnamese workers earn most in Japan and South Korea
Compared to Taiwan and the Middle East, a Vietnamese worker earned more working in Japan and South Korea in the 2010-2017 period.
South Korea’s unemployment rate rises in October
South Korea’s jobless rate increases in October, as dismal job conditions continue in the retail and hospitality sector.
Japanese firms recruiting directly in South Korea
Japanese firms keen on hiring highly motivated South Koreans organised a local recruitment event in the country.
Samsung to make 8,700 outsourced workers regular
Samsung will be hiring 8,700 workers from its subcontractors, as the firm looks to boost employees’ job security.
South Korean employees less likely to get promoted to senior management
Ordinary South Korean employees are finding it difficult to climb the corporate ladder and reach senior management positions.
Foreign executives in South Korean companies declining
The fall in the number of foreign executives in South Korea has affected diversity of corporate culture, as companies struggle to hire talented people.
South Korea’s Lotte Group to create 70,000 jobs in five years
The conglomerate is looking to invest some $61 billion at home and abroad, and to leverage emerging technologies.
South Korean firms shift to blind hiring
South Korean firms are adopting blind hiring for select positions, so that they focus more on skills and performance.
South Korea to ramp up efforts in job creation
South Korean government looks to tackle unemployment and beef up efforts in creating new jobs while easing regulations on big companies.
Japan tops overseas jobs destination for South Koreans
The prospect of getting a job overseas continues to be a challenge for South Koreans., with Japan being the most popular destination.
Unemployed numbers hit 19-year high in Korea
In a struggling job market, the unemployment levels have deteriorated to their worst since the Asian financial crisis of 1997.