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Job Additions Rise Over 100,000 for 3rd Month in Sept.; Construction Jobs Fall by Most

Job Additions Rise Over 100,000 for 3rd Month in Sept.; Construction Jobs Fall by Most

SEOUL, Oct. 16 (Korea Bizwire) — South Korea added more than 100,000 jobs for the third consecutive month in September, but jobs in the construction sector fell by the most ever amid an industry slowdown, data showed Wednesday. The number of employed people came to 28.84 million last month, up 144,000 from a year earlier, [...]

South Koreans Lead in Tech Adoption, Yet Harbor Deep Anxieties About AI in the Workplace

South Koreans Lead in Tech Adoption, Yet Harbor Deep Anxieties About AI in the Workplace

SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study.  The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]

Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

SEOUL, Sept. 20 (Korea Bizwire) – A recent survey has revealed that almost half of South Koreans who secured jobs abroad through government support programs over the past five years have returned home.  The Human Resources Development Service of Korea (HRD Korea) conducted a follow-up survey in April and May, targeting 6,751 individuals who found employment [...]

Job Additions Rise over 100,000 in Aug.; Construction Jobs Fall by Most amid Heat Wave

Job Additions Rise over 100,000 in Aug.; Construction Jobs Fall by Most amid Heat Wave

SEOUL, Sept. 11 (Korea Bizwire) — South Korea added more than 100,000 jobs for the second consecutive month in August, but jobs in the construction sector fell by the most ever amid an industry slowdown and extreme heat wave, data showed Wednesday. The number of employed people came to 28.80 million last month, up 123,000 [...]

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

South Korean Firms See Decline in New Hires and Resignations, Raising Concerns of Workforce Stagnation

SEOUL, Sept. 4 (Korea Bizwire) – Major South Korean companies are experiencing a simultaneous decrease in new hires and employee resignations, raising concerns about potential workforce stagnation, according to a recent analysis by the Leaders Index, a corporate analysis research institute. The study, released on September 3, examined 128 companies among South Korea’s top 500 by [...]

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

South Korean Chip Giants Grapple with Ineffective Non-Compete Clauses

SEOUL, Sept. 2 (Korea Bizwire) — With the semiconductor industry experiencing a boom leading to a vibrant job market, South Korean tech giants are facing a growing dilemma: how to prevent technology leaks while competing for top talent. Industry leaders like Samsung Electronics and SK Hynix routinely require employees to sign non-compete agreements, typically barring them [...]

70% of South Korea’s Aging Population Wishes to Continue Working, Study Finds

70% of South Korea’s Aging Population Wishes to Continue Working, Study Finds

SEJONG, Jul. 31 (Korea Bizwire) – A recent survey has revealed that nearly 70% of South Korea’s aging population, comprising individuals aged 55 to 79, express a desire to continue working. This demographic, approaching 16 million people, showcases a strong inclination towards prolonged participation in the workforce.  Statistics Korea released these findings on July 30, as [...]