Job Market Monitor
Korea
Public Employment Service in Korea – A tendency to add new functions without reducing its current functions
The Job Centre faces some difficulties and challenges. Firstly, there has been controversy over the relationship between the Job Centre and other PES organizations. This includes the issue of the linkage between employment and welfare services. Secondly, staffing problems are embedded in the Job Centre due to the tensions and conflicts among staff caused by … Continue reading
Korea – Youth unemployment rate highest in 15 years
The nation’s youth unemployment reached the highest this year since 2000, raising serious concerns about the government’s labor policies especially for the country’s younger population, as well as the limited job security among young contract workers. The number of unemployed young Koreans, which stood at 330,000 back in 2013, rose to 380,000 last year, and … Continue reading
Youth Unemployment in Korea – An over 12-year high among those with no job experience
Unemployment among young South Koreans with no prior job experiences reached an over 12-year high last month, government data showed Tuesday, a sign of growing economic uncertainty that is affecting the labor market. There were some 95,000 people in their 20s and 30s who never held a job before and were not employed in April, … Continue reading
Minimum Wage in Korea – 20,000 apartment guards face layoffs Unions says
Two major labor advocates estimated Tuesday that about 20,000 security guards at apartment complexes nationwide would face layoffs due to the minimum wage law, which will become fully effective on Jan. 1, 2015. As there are about 180,000 apartment security guards in the country, the estimate would amount to 11 percent to the total. The … Continue reading
Korea in OECD – Behind major members on employment protection
South Korea lags behind major members of the Organization for Economic Cooperation and Development in job security for regular employees in the private sector, the Paris-based organization said Monday. An OECD report showed that Korea posted 2.17 in the index for employment protection last year, under the average of 2.29 for the global entity’s 34 … Continue reading
Korea – Government to ease rules for layoffs
The government is considering easing rules for layoffs and overhauling pay systems to ease the plight of non-regular workers. Since any changes are likely to come at the cost of regular workers’ rights, it will certainly entail a major union backlash. “Without reform in the labor market, it isn’t easy to continue creating decent jobs. … Continue reading
Korea – Youth unemployment blues
Key economic indicators seem to point toward Korea making a solid recovery. The country’s output has been growing thanks to exports. Its consumer spending has picked up on the back of growing welfare financing by the government. Still, Asia’s fourth-largest economy is finding it hard to create jobs for college graduates, even while they pull … Continue reading
General Motors (GM) / To cut jobs in south korea
Automaker General Motors Co. (GM: Quote) plans to cut jobs at its South Korean operations in the first quarter of next year ahead of the withdrawal of its Chevrolet brand in Europe, media reported Tuesday. GM Korea reportedly will implement a voluntary retirement scheme for about 6,000 office workers by the end of March, event … Continue reading
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
Korea / 20% of working women quit jobs after marriage
Statistics Korea on Wednesday said a total of 1.95 million working women quit their jobs because of pregnancy, childcare and other reasons. Continue reading
1000s of Teaching jobs available in Korea for recent canadian and american grads
American and Canadian college graduates, facing a lackluster jobmarket at home, are capitalizing on this trend by taking English-teaching positions in countries like South Korea Continue reading
Korea / Unemployment rate unchanged at 3.2 percent in July – The China Post
South Korea’s jobless rate was unchanged at 3.2 percent in July, Statistics Korea said Wednesday, after new employment openings in education and social services offset losses in the manufacturing sector Continue reading
Korea / Only 43 per cent of Laid-Off Workers Find New Jobs
Up to 1.13 million workers in Korea are laid off every year, but only 43 percent of them manage to find a new job within 12 months, according to an OECD report released early this month. The report, entitled “Back to Work: the OECD review on displaced workers,” says 2.5 percent to 5 percent of … Continue reading
Korea / Minimum wage raised at 38,880 Korean won for eight hours of work a day
Korea has raised the minimum wage for all workers, including foreign workers under its Employment Permit System, the Department of Labor and Employment said. DOLE Secretary Rosalinda Baldoz cited a report from Philippine Overseas Labor Office Korea head Felicitas Bay that the new rate is 5.76 percent higher from last year. “The new rate represents … Continue reading
Korea / Motorola / More than 500 jobs cut
Motorola Mobility will close “most” of its South Korean operations by 2013, according to a leaked internal memo. According to the memo (in Korean), the move is part of a continued global restructuring effort by its parent company Google, which bought the smartphone maker earlier this year for $12.5 billion. Since then, however, restructuring costs have … Continue reading
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