Korean Job Discussion Forums

[Real Reality]

Korea Ranks 105th in Global Labor Flexibility
South Korea's labor flexibility stood at the bottom of the world's ranking as local companies face difficulties in hiring and firing workers due largely to the country's strong labor unions. It ranked 105th among 155 countries in conditions for the hiring and firing of workers, reflecting its rigid labor market, according to a report released Wednesday by the International Finance Corporation (IFC). The IFC is the private sector arm of the World Bank Group. The country also came in 44th in tax compliance and 87th in investor protection.

According to the report, New Zealand had the best conditions for private business in the world, followed by Singapore, the United States and Canada. Countries ranked high on the list had simple regulations and rules that helped create a business-friendly climate, the report added.
By Lee Hyo-sik, Korea Times (September 14, 2005)
http://times.hankooki.com/lpage/200509/kt2005091417165210440.htm

[Real Reality]

Korea Ranks 105th in Global Labor Flexibility
...105th among 155 countries in conditions for the hiring and firing of workers...

And consider the business environment
The country placed 27th in the overall ease of doing business, lagging far behind Asian competitors Singapore and Hong Kong. Hong Kong placed 5th and Thailand and Malaysia were also found to have a better business environment than Korea, ranking 20th and 21st, respectively.
Korea Times
http://times.hankooki.com/lpage/200509/kt2005091417165210440.htm

How can Korea be the hub of Asia?

[numazawa]

[Wrench]

[Mashimaro]

[Butterfly]

Must be a bit disappointing for you that these labor flexibility figures aren't actually meaningful, since, well much of Korea's large scale manufacturing is now done outside Korea in the above mentioned countries and beyond, and Korea is ranked among the top 20 economies in the world, top 15 in some stats. Which is pretty amazing considering the small population.

Sorry

[djsmnc]

Don't the Korea. Korea is one blood people. 50 years empire building. In Korea, please don't the Korea. Korean is good people.

[billybrobby]

i like the part in fahrenheit 9/11 when we get to see the president of the organization which made this report smoothing is hair down with his own spit.