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.
By: | March 24, 2022
Topics: News | Recruitment | South Korea

Eight out of 10 firms in South Korea expect that the employment market will recover to pre-pandemic levels this year, and plan to hire fresh graduates, showed a survey by the Korea Chamber of Commerce and Industry (KCCI).

Some 79.8% of respondents believe the number of hires this year will be able to match up to, or reach levels higher than those registered prior to the pandemic.

Over 80% of businesses also plan to hire fresh graduates among their new recruits this year. Hiring plans were highest in the sectors of administration and office work, followed by manufacturing and engineering; sales, research and development; and information and communications technology.

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The labour market in the country, after contracting due to the pandemic, is now showing signs of improvements as large firms are moving to hiring more workers, said a KCCI official, according to KBS World. 

However, any dramatic improvement is unlikely due to expanding uncertainties such as geopolitical risks and supply chain concerns, the official added.