Ministry of Employment and Labor

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What's New

[By Topic > Employment Policy] Pilot project to support employment insurance and national pension premiums begins in Feb. 2012 Fri January 20, 2012
On January 11, the Ministry of Employment and Labor (MOEL) and the Ministry of Health and Welfare (MOHW) signed an MOU with the Korea Workers Compensation and Welfare Service (COMWEL), the National Pension Service, the National...
[By Topic > Employment Policy] Employers who retain workers aged 60 and older to be provided with subsidy of 180,000 won per quarter Fri January 20, 2012
Starting this year, if a workplace that has no retirement age limit employs workers aged 60 and over more than the industry-specific standard rate*, the employer will be provided with a subsidy of 180,000 won per quarter (60,00...
[By Topic > Working Condition] Amendments relating to comprehensive measures for non-regular workers passed by National Assembly Fri January 13, 2012
On December 29, the National Assembly passed amendments to the Act on the Protection, etc., of Fixed-Term and Part-Time Employees, the Act on the Protection, etc., of Dispatched Workers, the Framework Act on Labor Welfare and t...
[By Topic > Working Condition] Workers in small workplaces can claim substitute payments at no cost Fri January 13, 2012
Starting on January 1 this year, if a person who has worked in a workplace ordinarily employing fewer than 10 workers does not receive wages or retirement pay due to the company's bankruptcy or shutdown, he/she can claim substi...
[By Topic > Employment Policy] 906,000 jobless people claim unemployment benefits and 3.3466 trillion won paid in unemployment benefits in 2011 Fri January 13, 2012
Please refer to the attached file.

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latest Numbers
Minimum Wage/Hour
4,580 won	2012
Labor Force Participation Rate
61.4%	Nov. 2011
Unemployment Rate (Youth)
2.9%(6.8%)	Nov. 2011
Employment Rate
59.7%	Nov. 2011