Korea Joongang Daily
Korea JoongAng Daily

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

Korean companies cut back for 2026 due to global slowdown

Korean companies are increasingly shifting their business strategies for 2026 from expansion to maintenance, as the economic slowdown and global uncertainty drag on and regulations on businesses tighten.

2025-12-01

Won-dollar uncertainty wreaking havoc with company plans

As the won hovers in the 1,400-per-dollar range, Korean companies are scrambling to finalize next year’s business plans amid volatile currency swings that threaten to erode profits, deepen cost pressures for importers and expose small firms.

2025-11-13

Korea’s top companies cut executive numbers by 100 amid economic uncertainty

The number of executives at Korea’s 100 largest companies has fallen by about 100 over the past year, reflecting cost-cutting amid growing economic uncertainty, according to new data released Monday.

2025-10-27

Korean conglomerates reveal hiring plans amid economic uncertainty for youth

Korea’s major conglomerates have announced large-scale hiring plans, opening their doors to jobseekers despite an uncertain economic environment.

2025-09-18

Silence at shuttered petrochemical facilities draws louder calls for gov't intervention

The petrochemical sector is in a tailspin as supply outpaces demand on an influx from China, shuttering once-booming facilities and sidelining contract workers as calls for concrete government action grow.

2025-09-03

[WHY] All in the family: How conglomerates drove Korea’s growth — and deepened its divides

Korean conglomerates have been at the center of the country's explosive growth, but the familial nature of these empires has stratified society while suppressing innovation.

2025-04-26