ID :
185208
Mon, 05/30/2011 - 06:08
Auther :
Shortlink :
https://oananews.org//node/185208
The shortlink copeid
Jobs at listed companies hit new high in 2010
SEOUL, May 30 (Yonhap) -- The number of jobs offered by South Korea's listed companies soared to a record high last year as companies increased employment on the back of their strong earnings, data showed Monday.
A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Association.
The figure marks the first double-digit increase since the 2008 global financial crisis. South Korea's job market had been hit hard by the financial meltdown, with the average number of employees at each firm declining, according to the data.
By sector, manufacturing jobs topped the list with 861,031. Service sector employment followed with 112,928 and financial sector jobs came next with 89,206.
The on-year growth was largely attributed to listed firms' strong corporate performances.
According to separate data, listed companies, who use the K-GAAP accounting standards, saw their earnings surge 73 percent from a year earlier in 2010.
Market watchers also cited the country's strong economic recovery and policy efforts for job creation for the rise in employment.
In 2010, the South Korean economy, Asia's fourth-largest, expanded at an eight-year high of 6.1 percent, sharply up from 0.2 percent growth in 2009, aided by robust exports and improved domestic demand.
mil@yna.co.kr
(END)
A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Association.
The figure marks the first double-digit increase since the 2008 global financial crisis. South Korea's job market had been hit hard by the financial meltdown, with the average number of employees at each firm declining, according to the data.
By sector, manufacturing jobs topped the list with 861,031. Service sector employment followed with 112,928 and financial sector jobs came next with 89,206.
The on-year growth was largely attributed to listed firms' strong corporate performances.
According to separate data, listed companies, who use the K-GAAP accounting standards, saw their earnings surge 73 percent from a year earlier in 2010.
Market watchers also cited the country's strong economic recovery and policy efforts for job creation for the rise in employment.
In 2010, the South Korean economy, Asia's fourth-largest, expanded at an eight-year high of 6.1 percent, sharply up from 0.2 percent growth in 2009, aided by robust exports and improved domestic demand.
mil@yna.co.kr
(END)
