South Korea aims to create over 80,000 green jobs by 2025
The government also aims to create 4,500 green venture companies specialising in eco-friendly alternative materials and renewable energy.
Men earn 1.6 times higher wages than women in South Korea
The gender wage gap, which measures the rate of men’s average pay to that of women, measured 35.9% in 2020.
Some 70% of South Korean firms telework due to pandemic
A survey found that over 43% of companies did not see their level of productivity affected by remote work.
Employment in South Korea’s second tier cities picks up
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.
South Koreans worked 200 more hours than OECD average last year
In the region, Australia recorded 1,683 hours per annum, while New Zealand logged 1,739 hours in the year.
South Korea’s wages lag behind OECD average
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.
South Korea add more jobs but growth slows down in July
COVID-19 curbs slowed down job growth in July, although the country reported job additions for its fifth consecutive month.
South Korea officially sets next year’s minimum wage rate at 9,160 won
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.
South Korean president urges for swift disbursement of pandemic aid
The 34.9-trillion-won (US$30.5-billion) supplementary budget should be disbursed swiftly to pandemic-hit businesses and people.
68.1% of older South Koreans want to work till 73
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.
South Korea battles unemployment woes
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.
Young South Koreans taking job exams hit record high
Some 859,000, or 19.1% of 4.49 million economically inactive people aged 15 to 29 were preparing for job exams in May.
Young South Koreans take 10 months to find their first job
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.
South Korean business lobby set to challenge new minimum wage rate
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.
South Korea’s labour market recovers with 582,000 jobs added
In June, the country added 582,000 jobs year-on-year, marking four consecutive months of growth in employment numbers.
South Korea raises minimum wage for 2022
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 trails APAC neighbours in female employment rate
South Korea ranks 30th place out of 36 OECD countries, and falls behind Japan, New Zealand, and Australia.
New law on workplace disaster opposed in South Korea
Employer groups are opposing a new law that will allow CEOs to be punished, even by imprisonment, for serious workplace disasters.
South Korea sees rise in younger entrepreneurs
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.
South Korea unveils $33 trillion won budget for pandemic relief
A large portion of the extra budget will be used to support small businesses, provide cash handouts to households and help struggling job seekers.
South Korean companies to hire 24% more staff in Q2 & Q3
Companies with five or more permanent staff are planning to hire 24% more employees in the six-month period ending this September.
South Korea to cover more workers under its state employment insurance
From July, more employees, including those hired under special contracts, will be covered under the state employment insurance scheme.
South Korea undecided on minimum wage rate
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.
South Korea rejects further extension to delay 52-hour work week
Companies employing between five and 49 workers will have to comply with the 52-hour work week by next month.
South Korea’s government urged to delay implementing longer work week
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.
South Korea mulls vaccination at companies producing chips
Workers at chip and electronic companies may be vaccinated to reduce disruptions to the production of computer chips which are in short supply globally.
South Korea’s jobless claims fall in May
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.
South Korea to grant workers with extra days off
The government will soon pass a bill that will provide workers with extra days off should a public holiday fall on a weekend.
Employment continues to grow in South Korea
The Ministry of Employment and Labour said the number of employees hired by local businesses grew 2.1% year-on-year in April.
South Korea’s proposed bill protects workers’ rights when companies split
South Korea’s policymakers have proposed a bill that will guarantee employees’ rights when a company is in a spinoff.