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BREAKING
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.
Israeli media: One soldier wounded at Allenby crossing now confirmed killed.
Israeli media: Preliminary reports of shooting operation at Allenby crossing with Jordan.
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test

South Korea loses more than 10,000 workers in 3 months

  • By Al Mayadeen English
  • Source: Agencies
  • 20 Apr 2023 13:22
  • 1 Shares
2 Min Read

The loss of employees came through voluntary retirement amid an atmosphere of economic uncertainty Seoul is currently experiencing.

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  • S.Korean state lose more than 10,000 workers in 3 months
    Jobseekers look at retirement advertisements during the 2018 Job Fair in Seoul, South Korea, November 7, 2018. (Reuters)

The South Korean Ministry of Economy and Finance lowered the workforce at state enterprises by over 10,700 employees from January to March amid economic uncertainty, according to media reports citing the department on Thursday. 

State-owned enterprises also sold obsolete assets worth 1.4 trillion won ($1 billion) over the same time, accounting for 20.6% of the government's aim to get rid of 6.8 trillion won in assets by the end of the year, according to South Korean news agency Yonhap. 

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North Korea fires two short-range missiles: Yonhap

According to the data, state enterprises restructured their offices to lease vacant space, saving the government 4.7 billion won, while South Korean public enterprises expect to recruit 22,000 people this year. 

Read more: South Korea tries $500 allowance to help reclusive kids get out

South Korean Finance Minister Choo Kyung-ho stated in December 2022 that the country's government planned to resolve economic challenges by implementing a new growth strategy since it anticipated financial difficulties in 2023. The nation announced intentions to cut 4% of public-sector positions by 2025. 

Officials in Seoul declared in October that the country was in the midst of a complete economic crisis, with fears about a faltering economy lingering despite rising costs due to high inflation. As a countermeasure, they intended to provide 18.2 billion won in food discount vouchers by the end of 2022 to assist citizens in dealing with inflation.

  • Yonhap
  • Unemployment
  • Employment
  • Retirement
  • South Korea

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