https://koreajoongangdaily.joins.com/2022/10/29/business/economy/Korea-jobs-recruitment/20221029070020755.html

"Nearly 70 percent of university seniors graduating in March have given up on finding jobs, according to a survey by the Federation of Korean Industries (FKI).

As more and more companies are hiring experienced workers over new recruits, job opportunities for those fresh out of university are becoming scarce.

“Where can newbies build up their experience if companies only hire experienced applicants?” a 26 year-old job seeker, who had been turning in job applicants for the past two years, asked the JoongAng Ilbo, an affiliate of the Korea JoongAng Daily. �
�The recent job openings from companies only look for experienced workers and furthermore it’s hard to predict when the job openings are announced or how many they plan to recruit.”

In the past, major companies including Samsung, Hyundai Motor and SK would announce their recruitment plans in accordance to the spring or summer graduation period.

The hiring plans included the number of people that each department or business affiliates would be taking on.

Today, hiring notifications have become less systematic and more sporadic.

In particular, major conglomerates have changed the way they recruit employees — instead of hiring as an entire group, each department or affiliate makes its own job notification.

The only company among the top five conglomerates in Korea that still practices the old hiring system is Samsung.

A survey by FKI conducted on 2,469 seniors from 4-year universities found that 65.8 percent have “virtually” given up on looking for jobs.

Thirty-one-point-eight percent said they still submit their applications just for the sake of it as, 26.7 percent said they hardly look for jobs and 7.3 percent said they had taken a break from looking for employment.

Only 16 percent responded that they were actively looking for jobs. "

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On Sunday, October 30, 2022 at 1:35:01 AM UTC+8, ltlee1 wrote:

https://koreajoongangdaily.joins.com/2022/10/29/business/economy/Korea-jobs-recruitment/20221029070020755.html

"Nearly 70 percent of university seniors graduating in March have given up on finding jobs, according to a survey by the Federation of Korean Industries (FKI).

As more and more companies are hiring experienced workers over new recruits, job opportunities for those fresh out of university are becoming scarce.

“Where can newbies build up their experience if companies only hire experienced applicants?” a 26 year-old job seeker, who had been turning in job applicants for the past two years, asked the JoongAng Ilbo, an affiliate of the Korea JoongAng Daily.

“The recent job openings from companies only look for experienced workers and furthermore it’s hard to predict when the job openings are announced or how many they plan to recruit.”

In the past, major companies including Samsung, Hyundai Motor and SK would announce their recruitment plans in accordance to the spring or summer graduation period.

The hiring plans included the number of people that each department or business affiliates would be taking on.

Today, hiring notifications have become less systematic and more sporadic.

In particular, major conglomerates have changed the way they recruit employees — instead of hiring as an entire group, each department or affiliate makes its own job notification.

The only company among the top five conglomerates in Korea that still practices the old hiring system is Samsung.

A survey by FKI conducted on 2,469 seniors from 4-year universities found that 65.8 percent have “virtually” given up on looking for jobs.

Thirty-one-point-eight percent said they still submit their applications just for the sake of it as, 26.7 percent said they hardly look for jobs and 7.3 percent said they had taken a break from looking for employment.

Only 16 percent responded that they were actively looking for jobs. "

For years Korea's economy is run by Chaebols called as family businesses. About 40 percent of the economy is controlled by 6 major Chaebol companies. Now with recruitment is not company-wide anymore but department-wide only, the job available to people
is reduced. It is to be expected to choose those with experience than new recruit. The problem with Korea is about shortages of jobs for people to wol rk. The chaebol family business can create problem to the employees too. Employees will be feared from
losing their jobs. Chaebol family business can instill fear and harassment to employees from leaving the company. Korea needs to have a variety of private and new companies to create employment for them. The past Korea presidents never kept and delivered
their promises of jobs. Hence, it makes Korean people to get frustrated and to refuse to discuss their plight with them anymore.

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