Unification Ministry cuts staff amid deep freeze with Pyongyang

Seoul’s Unification Ministry said Wednesday it plans to reduce staffing in departments that oversee inter-Korean exchanges in order to downsize amid a deepening freeze in relations with Pyongyang.

2023-08-23

Heads roll in a Korea adjusting to slower growth, higher rates

Korean companies are cutting jobs as economic growth slows and rates rise. A wide range of business are affected — including those in tech, construction and finance — and they are lowering head counts in a number of ways, with ...

2022-11-30

As profits boom, big Korean companies reduce head counts

Head counts at almost 60 percent of Korea’s largest companies have declined this year so far despite corporate Korea reporting strong earnings in the recent quarter.

2020-11-24

Large companies will consider layoffs if crisis continues

One-third of large companies in Korea say they may have to start laying off workers if the coronavirus outbreak continues to threaten the economy for another six months.

2020-05-17

Revealing true faces

Anyone can be a good person on a good day. A person’s true nature is revealed when they are forced into a corner. The same goes for a company. The sincerity and true capacity of a company surfaces when it goes through a crisis. With the Covid-19

2020-05-13

korea joongAng daily

Unification Ministry cuts staff amid deep freeze with Pyongyang

Heads roll in a Korea adjusting to slower growth, higher rates

As profits boom, big Korean companies reduce head counts

Large companies will consider layoffs if crisis continues

Revealing true faces