The impact of the coronavirus pandemic on the self-employed is becoming clearer.
Korea’s working population is getting older as the society ages and people at retirement age continue to seek employment opportunities.
Mrs. Kim, who runs a cafe with her husband in North Jeolla, is getting up to 40 calls every day from debt collectors.
Review on next year’s minimum wage has begun. The minimum wage for 2022 will be discussed and approval by the Minimum Wage Commission. The hourly wage will be set upon endorsement by the Minister for Employment and Labor on Aug....
Discussions are underway to legislate compensation for self-employed businesses directly hurt by government’s social distancing measures aimed at mitigating the Covid-19 spread. The idea is to subsidize mom-and-pop stores and...
A banner on a closed restaurant near the shopping district in Dongdaemun in central Seoul advertising the space for rent on Tuesday.
Hiring will remain weak through the first quarter of next year, according to a report by the Ministry of Employment and Labor.
Small businesses have been devastated by the pandemic, so much so that even some of the classics — much beloved, decades-old mainstays — have been forced to close.
The self-employed are battered with business shutdowns and losses from a protracted Covid-19 crisis. A majority of them cannot afford monthly rent fees as their businesses are forced to shut down or restricted under toughened...
Korean depository institutions’ loans to self-employed people and companies grew at a much slower pace in the third quarter than three months earlier on improving business conditions, the central bank said Wednesday.