Korean firms seen hiring fewer this year amid slump

Home > Business > Economy

print dictionary print

Korean firms seen hiring fewer this year amid slump

Korean businesses are likely to hire fewer people this year than in 2016 amid the ongoing economic slump, a survey showed Tuesday.

The survey of 258 companies with more than 100 employees conducted by the Korean Employers Federation said those polled planned to employ 6.6 percent less this year than last year.

The companies plan to recruit 7.3 percent fewer college graduates and reduce the number of new employees with high school diplomas by 7.9 percent compared to the year before.

Of those surveyed, 53.7 percent said they are planning to have new recruits this year.

About a quarter (25.3 percent) of those questioned said they have not yet made a decision on whether to hire new employees this year while 21 percent said they have no plans to employ new workers. YONHAP

More in Economy

Finance Ministry prepares to battle bubbles and debt

Profit-sharing concept hits brick wall of Korea Inc.

New high-rise construction expected around subways

Pricey property

June 1 property tax increases are happening as planned

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now