Korea Joongang Daily
Korea JoongAng Daily

Entry, mid-level white-collar jobs disappear as AI takes on the grunt work

In Korea’s corporate ladder, the middle rung is starting to wobble. Entry and mid-level white-collar jobs are shrinking as companies replace routine tasks with AI.

2026-04-03

Gov't to introduce crude oil swap system with private companies for supply stabilization

The government will operate a crude oil swap system with private companies starting Tuesday in a bid to help oil refineries secure alternative oil supplies and minimize supply disruptions, the Ministry of Trade, Industry and Resources said.

2026-03-31

Sweet treats may cost less to eat in April, as companies align with government price stability plan

Major bakery, ice cream and confectionary companies plan to cut prices next month to take part in the government's initiative to stabilize consumer costs, the agriculture ministry said Thursday.

2026-03-19

407 subcontractor unions demand negotiations on first day of ‘Yellow Envelope' bill

The bill is designed to guarantee bargaining rights for indirectly employed and subcontracted workers and prohibit companies from filing damage claims against unions. The Labor Ministry anticipates that more unions will begin demanding negotiations.

2026-03-11

Gov't to effectively remove caps on monetary rewards for reporting corporate misconduct

The government will effectively remove caps on monetary rewards for anyone reporting corporate misconduct and illegal activity, President Lee Jae Myung announced on Tuesday.

2026-03-10

Corporate lending expansion slowed in last quarter of 2025, says BOK

Loans extended to companies in Korea grew at a slower pace in the fourth quarter compared to the previous quarter amid sluggish demand from the construction sector, central bank data showed Monday.

2026-03-09

Manufacturing sector is getting rid of the 'good jobs' that young people want

As companies automate and invest more in machines than in workers, stable full-time positions at large manufacturers are shrinking, making it harder for young people to enter the labor market.

2026-02-10

Trump to meet oil companies at White House about Venezuela

U.S. President Donald Trump will meet with oil company executives at the White House late this week to discuss ways to revive Venezuela's tattered oil sector, according to three sources familiar with the matter.

2026-01-07

38 companies delisted from Kosdaq as gov't moves to revitalize market

A total of 38 companies were delisted from the Kosdaq market this year — 2.5 times more than the average of the past three years combined — as the government stepped up efforts to remove underperforming firms and revitalize the market.

2025-12-29

Electronics, telecommunications shipments hit record high in 2024 on AI demand

Shipments in Korea's electronics and telecommunications sectors reached a record high in 2024, largely fueled by strong demand in AI, data showed Wednesday.

2025-12-17