More South Korean firms embrace remote working arrangement
Others are adopting hybrid working arrangements, allowing workers to commute to coworking spaces nearby instead of company headquarters.
South Korea moves to support long-term growth of SMEs
Working in tandem with the government, the heads of the nation’s five largest conglomerates have pledged their support for SMEs in the country.
South Korea’s job growth slows in fourth quarter of 2021
The number of jobs reached 19.97 million in the fourth quarter, up 376,000 year-on-year, according to official data.
Most South Koreans want women to keep working after childbirth
To address workplace gender inequality, most South Koreans support the return of women to the workforce after childbirth.
Sexual harassment victims in South Korea face retaliation
More than eight out of 10 people who reported sexual harassment at the workplace said they suffered from some form of retaliation.
South Korea’s MZ generation prioritises work-life balance
Work-life balance is the most important factor for Korea’s MZ generation (Millennials and Generation Z), according to Korea Enterprises Federation (KEF).
43.1% of listed companies in South Korea cut workforce
Amid the prolonged pandemic, 43.1% of firms listed on the country’s main and minor bourses slashed the number of their employees last year from 2020.
South Korea approves US$46-billion budget to help COVID-hit businesses
The Cabinet has endorsed the supplementary budget worth 59.4 trillion won (US$46 billion) in its first meeting under the Yoon Suk-yeol administration.
South Korea sees continuous job growth in April
Jobs data reflected overall improvements in the labour market, although employment in face-to-face services fell, such as those in accommodations.
More South Korean workers hold more than one job
To make ends meet, a record 506,000 workers in the country juggled two jobs last year, up around 100,000 from five years ago.
South Korea supports firms that allow staff to work remotely
The government has pledged to allocate 3.6 million won yearly for additional personnel and labour management expenses incurred from telecommuting.
Number of South Korean workers taking parental leave falls
The fall in numbers in 2021 was attributed to the increase in parental leave taken in 2020 when schools and kindergartens closed due to COVID-19.
One quarter of workers in South Korea still face workplace harassment
Some 23.5% of 2,000 respondents to a recent survey indicated that they had experienced harassment in the workplace in the last 12 months
3.22 million workers in South Korea paid less than minimum wage
The number of workers who were paid less than the minimum wage was 3,215,000 last year, the second highest annual figure after 2019’s 3,386,000.
South Korea’s unemployment rate in March near historical low
The unemployment rate in the country stood near a historical low in March, while the number of people employed rose for a 13th consecutive month.
South Korea’s minimum wage policy faces overhaul
The incoming administration headed by President-elect Yoon Suk-yeol is seeking to overhaul the country’s highly controversial minimum wage policy.
Firms in South Korea begin gradual return to office
Up to 10 people are allowed to gather indoors, and establishments like cafes and restaurants would also be able to operate until midnight.
Majority of South Korean workers see value in their jobs
About 73.2% of respondents said they see value in what they do for a living in a survey conducted last year.
Majority of firms in South Korea bullish on employment market in 2022
Over 80% of businesses also plan to hire fresh graduates among their new recruits, reported the Korea Chamber of Commerce and Industry.
Workplace harassment to be compensated in South Korea
Under the revised Accident Compensation Act for Public Servants, sickness and death caused by workplace harassment will be compensated.
South Korea’s unemployment rate in February falls to record low of 2.7%
Some 254,000 jobs were added in healthcare and social services,
while some 135,000 jobs were added in transportation and warehouses.
South Korea urged not to abolish gender equality ministry
Willem Adema, senior economist in the OECD, said the move is premature and gives a completely “wrong policy signal” in the fight for gender equality.
South Korean firms want in-coming government to create more jobs
In a poll, 95 out of 157 local companies, or 60.5%, picked jobs creation as the top policy priority for the new government.
South Korea extends financial relief to firms
The payment of employment insurance fees and electricity and gas bills for April and June will be postponed for three more months.
Self-employed are less happy than salaried workers in South Korea
A report has found that self-employed people in South Korea are less happy than wage earners even though in many other countries the reverse is true.
South Korea sees slower growth of jobs in Q3’2021
The number of jobs for workers in their 60s and above rose by 243,000, recording the highest increase among all age groups.
South Korea approves extra budget to help businesses
The country’s parliament has passed a larger-than-planned first extra budget of this year amid the biggest outbreak of the pandemic to date.
South Korean companies call for business tax incentives
CEOs have urged the next government to increase tax revenue by strengthening the economy instead of hiking taxes on businesses.
South Korea sees highest jobs increase in almost 22 years
The number of people employed saw its sharpest spike in nearly 22 years in January month-on-month and was partly attributable to government spending.
Average wage of foreign employees in South Korea to exceed 30 million won
This prediction is based on year-end tax adjustments of foreign employees’ official tax data, with the majority of these workers coming from China.