Tag: Job market

Job market

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An SK hynix office in Seongnam, Gyeonggi [YONHAP]

Turnover at major firms declined in 2024 as workers opted for stability, report finds

Employee turnover at Korea's largest companies declined for the second consecutive year in 2024, as workers opted for job security over career moves amid a turbulent global economy, according to a new report Tuesday.

2026.5.26

Job seekers fill out application forms at a job fair in Yeongdeungpo District, western Seoul on April 16. [NEWS1]

Korea's 60s overtake 20s in employment despite ill-fitting job

Older Koreans are entering the workforce in growing numbers, but many are struggling to find jobs that match their experience, highlighting challenges in the labor market amid a rapid aging population.

2026.4.18

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An inspector holds a preliminary call with applicants of corporate entrance exam at Samsung's human resources development center in March. [SAMSUNG]

Path to 'FIRE': Semiconductor supercycle spurs rush for jobs at Samsung, SK hynix

Korea’s semiconductor industry is experiencing a historic high, and top-tier graduates want to get in on the action. Major chipmakers are posting extraordinary profits and dangling the prospect of massive performance bonuses to job seekers.

2026.4.15

Office workers walk across Gwanghwamun Square in Jongno District, central Seoul, on May 20, 2025. [YONHAP]

More companies rehire retired employees as contractors as AI changes the workplace

An increasing number of companies are rehiring retired employees as skilled contract workers, reflecting aligned interests between firms seeking immediately deployable talent and workers hoping to maintain their income while easing their workload.

2026.4.8

Commuters walk to work at the Gwanghwamun intersection in Jongno District, central Seoul, on Feb. 19. [YONHAP]

AI reshapes tech jobs as developers, planners focus on human advantages

AI is changing the roles of IT workers, prompting a shift from technical skills to areas like judgment and specialized knowledge. Professionals are focusing on human capabilities, while non-developers leverage AI to independently execute tasks.

2026.3.5

Applicants wait on a job interview during a job fair held at Songpa District office in Jamsil, Seoul, on May 14, 2021. [YONHAP]

Jobs at major Korean firms drop 0.4% in 2025

Employment at Korea's 476 largest companies edged down 0.4 percent from a year earlier in 2025 as gains at K-beauty and semiconductor firms were offset by job cuts elsewhere, industry data showed Wednesday.

2026.2.11

People walk through Ginza’s shopping district in Tokyo, Japan, on Dec. 15. [EPA/YONHAP]

Korean men eye Japan for long-term residence amid increased job opportunities, dating prospects

More Korean men are looking to Japan not only for jobs but also for long-term residence, due to tough hiring conditions and longer working hours at home, as well as relationships with Japanese partners.

2025.12.18

Job seekers aged 60 and older look at a job posting board during the 17th Senior Job Fair held at Hwaseong Haenggung Square in Paldal District, Suwon, Gyeonggi, on March 28. [NEWS1]

Korea's job market shows growth but favors older workers over the youth population

Korea's employment is growing on paper, but a deeper look at statistics reveals a market closed off to the younger population and disproportionate growth of industries that fail to buoy a struggling economy.

2025.10.19

Companies are seen in the night view from Mount Namsan in central Seoul on July 7. [YONHAP]

Korea's largest companies opt for experience over youth, less workers in 20s hired

Employees in their 20s made up a shrinking share of the workforce at Korea’s largest companies over the past two years, highlighting hiring shifts and a growing preference for experienced workers.

2025.7.16

People consult job experts at a job fair. [NEWS1]

Korea's job market grows again, but construction sector plunges

Korea's job market continued to expand in August, with the number of employed people reaching 28.8 million, an increase of 123,000 compared to the same period last year, marking the second consecutive month of job growth.

2024.9.11